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PPP Loan Data — Saturn Associates, Inc. And Affiliates,
Falmouth, ME
Saturn Associates, Inc. And Affiliates
Entity: Subchapter S Corporation
Industry: Limited-Service Restaurants
Location: Falmouth, ME
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Saturn Associates, Inc. And Affiliates is a subchapter s corporation located at 65 Gray Rd in Falmouth, Maine that received a Coronavirus-related PPP loan from the SBA of $7,669,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-04Lender:
ANDROSCOGGIN SAVINGS BANKSaturn Associates, Inc. And Affiliates in Falmouth, ME received a Paycheck Protection Loan of $7.67M through ANDROSCOGGIN SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Saturn Associates, Inc. And Affiliates' total 2019 payroll expenses were approximately $36.81M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $73,629 per employee1.
Business Information - Saturn Associates, Inc. And Affiliates in Falmouth, ME
65 Gray Rd
Falmouth, ME 04105
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: ME-01Similar Companies near Falmouth
In the Falmouth area, 18 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 500) and received an average PPP loan of $591,718 (compared to this company's $7.67M).
Similar Nearby Businesses Who Received PPP Funding:
South Portland Donuts LLC
South Portland, ME
Kelly's Bakehouse & Deli LLC
South Portland, ME
Chinaxpress Inc.
South Portland, ME
Beans R Us LLC
South Portland, ME
Jrocksmall LLC DBA
South Portland, ME
S&J Waybettabagels, LLC
South Portland, ME
Maine Mall Donuts, LLC
South Portland, ME
W W W Inc
Falmouth, ME
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Saturn Associates, Inc. And Affiliates' reported 500 employees, and received an average PPP loan of $120,904, 98% lower than this company's loan of $7.67M.
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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