PPP Loan Data — Piantedosi Baking Co., Inc., Malden, MA
Piantedosi Baking Co., Inc. is a corporation located at 240 Commercial Street in Malden, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,472,587.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 189 people during the applicable loan loan period.
$ PPP Loan Information
Piantedosi Baking Co., Inc. in Malden, MA received a Paycheck Protection Loan of $2.47M through EASTERN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Piantedosi Baking Co., Inc.'s total 2019 payroll expenses were approximately $11.87M in order to qualify for the PPP loan amount received.
Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $62,796 per employee1.
Business Information - Piantedosi Baking Co., Inc. in Malden, MA
240 Commercial Street
Malden, MA 2148
Commercial Bakeries (NAICS code 311812)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MA-05
Similar Companies near Malden
In the Malden area, 2 businesses in the "Commercial Bakeries" industry received a PPP loan. These local businesses reported an average of 170 employees (compared to this company's 189) and received an average PPP loan of $1,843,607 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Hoffs Kitchen Co., Inc.
Industry PPP Comparison Statistics
Nationwide, 2,425 businesses in the "Commercial Bakeries" industry received a total of $481,514,310.00 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 22 employees, 88% lower than Piantedosi Baking Co., Inc.'s reported 189 employees, and received an average PPP loan of $198,563, 92% lower than this company's loan of $2.47M.
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Footnotes & Information
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