PPP Loan Data — Pacific Packaging Products Inc, Wilmington, MA
Pacific Packaging Products Inc is a subchapter s corporation located at 24 Industrial Way in Wilmington, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,624,200.00 in April, 2020.
$ PPP Loan Information
Lender:CITIZENS BANK, NATIONAL ASSOCIATION
Pacific Packaging Products Inc in Wilmington, MA received a Paycheck Protection Loan of $2.62M through CITIZENS BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pacific Packaging Products Inc's total 2019 payroll expenses were approximately $12.6M in order to qualify for the PPP loan amount received.
Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $78,237 per employee1.
Business Information - Pacific Packaging Products Inc in Wilmington, MA
24 Industrial Way
Wilmington, MA 1887
Packaging and Labeling Services (NAICS code 561910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-06
Industry PPP Comparison Statistics
Nationwide, 1,495 businesses in the "Packaging and Labeling Services" industry received a total of $305,001,450.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 19 employees, 88% lower than Pacific Packaging Products Inc's reported 161 employees, and received an average PPP loan of $204,014, 92% lower than this company's loan of $2.62M.
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Footnotes & Information
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