Scapa Tapes North America, LLC in Windsor, CT - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Scapa Tapes North America, LLC, Windsor, CT

Scapa Tapes North America, LLC

Entity: Corporation

Industry: Adhesive Manufacturing

Location: Windsor, CT

Scapa Tapes North America, LLC is a corporation located at 111 Great Pond Drive in Windsor, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,821,143.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.82M

Jobs Retained:

311

Loan Approved:

2020-04-15

Lender:

SANTANDER BANK, NATIONAL ASSOCIATION

Scapa Tapes North America, LLC received a Paycheck Protection Loan of $3.82M through SANTANDER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Scapa Tapes North America, LLC's total 2019 payroll expenses were approximately $18.34M in order to qualify for the PPP loan amount received.

Based on their reported 311 jobs retained, this equals an estimated average yearly compensation of $58,976 per employee¹.

Because the loan received by Scapa Tapes North America, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Scapa Tapes North America, LLC in Windsor, CT

Scapa Tapes North America, LLC
111 Great Pond Drive
Windsor, CT 6095

Business Industry

Adhesive Manufacturing (NAICS code 325520)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CT-01

Industry PPP Comparison Statistics

Nationwide, 287 businesses in the "Adhesive Manufacturing" industry received a total of $101,862,797.00 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 24 employees, 92% lower than Scapa Tapes North America, LLC's reported 311 employees, and received an average PPP loan of $354,923, 91% lower than this company's loan of $3.82M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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