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PPP Loan Data — Primo Medical Group Inc.,
Stoughton, MA
Primo Medical Group Inc.
Entity: Subchapter S Corporation
Industry: Surgical and Medical Instrument Manufacturing
Location: Stoughton, MA
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Primo Medical Group Inc. is a subchapter s corporation located at 75 Mill St in Stoughton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,949,038.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
205Loan Approved:
2020-04-13Lender:
ROCKLAND TRUST COMPANYPrimo Medical Group Inc. in Stoughton, MA received a Paycheck Protection Loan of $2.95M through ROCKLAND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Primo Medical Group Inc.'s total 2019 payroll expenses were approximately $14.16M in order to qualify for the PPP loan amount received.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $69,051 per employee1.
Business Information - Primo Medical Group Inc. in Stoughton, MA
75 Mill St
Stoughton, MA 02072
Business Industry
Surgical and Medical Instrument Manufacturing (NAICS code 339112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-08Similar Companies near Stoughton
In the Stoughton area, 3 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 205) and received an average PPP loan of $1,093,757 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
Essential Life Solutions LTD
Stoughton, MA
Marver Med, Inc.
Stoughton, MA
Industry PPP Comparison Statistics
Nationwide, 2,193 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a total of $649,163,907.00 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 18 employees, 91% lower than Primo Medical Group Inc.'s reported 205 employees, and received an average PPP loan of $296,016, 90% lower than this company's loan of $2.95M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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