PPP Loan Data — Rocky's Hardware, Inc., Springfield, MA
Rocky's Hardware, Inc. is a subchapter s corporation located at 40 Island Pond Rd in Springfield, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,640,000.00 in April, 2020.
$ PPP Loan Information
Lender:NEW VALLEY BANK & TRUST
Rocky's Hardware, Inc. in Springfield, MA received a Paycheck Protection Loan of $2.64M through NEW VALLEY BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rocky's Hardware, Inc.'s total 2019 payroll expenses were approximately $12.67M in order to qualify for the PPP loan amount received.
Based on their reported 486 jobs retained, this equals an estimated average yearly compensation of $26,074 per employee1.
Business Information - Rocky's Hardware, Inc. in Springfield, MA
40 Island Pond Rd
Springfield, MA 01118
Hardware Stores (NAICS code 444130)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-01
Industry PPP Comparison Statistics
Nationwide, 7,006 businesses in the "Hardware Stores" industry received a total of $643,814,935.00 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 13 employees, 97% lower than Rocky's Hardware, Inc.'s reported 486 employees, and received an average PPP loan of $91,895, 97% lower than this company's loan of $2.64M.
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Footnotes & Information
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