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PPP Loan Data — Shepley Wood Products, Inc, Hyannis, MA

SBA PPP loan data, payroll data, and salaries for Shepley Wood Products, Inc
MA

Shepley Wood Products, Inc

Entity: Subchapter S Corporation

Industry: Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

Location: Hyannis, MA

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Shepley Wood Products, Inc is a subchapter s corporation located at 216 Thorton Drive in Hyannis, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,541,900.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 155 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.54M

Jobs Retained:

155

Loan Approved:

2020-04-03

Lender:

CAPE COD FIVE CENTS SAVINGS BANK

Shepley Wood Products, Inc received a Paycheck Protection Loan of $2.54M through CAPE COD FIVE CENTS SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Shepley Wood Products, Inc's total 2019 payroll expenses were approximately $12.2M in order to qualify for the PPP loan amount received.

Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $78,717 per employee1.

Because the loan received by Shepley Wood Products, Inc 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 - Shepley Wood Products, Inc in Hyannis, MA

Shepley Wood Products, Inc
216 Thorton Drive
Hyannis, MA 2601

Business Industry

Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS code 423310)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MA-09

Similar Companies near Hyannis

In the Hyannis area, 2 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 155) and received an average PPP loan of $1,296,600 (compared to this company's $2.54M).

Similar Nearby Businesses Who Received PPP Funding:

Cape Cod Panel LLC
Hyannis, MA

$51,300 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,016 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $905,412,517.00 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 17 employees, 89% lower than Shepley Wood Products, Inc's reported 155 employees, and received an average PPP loan of $225,451, 91% lower than this company's loan of $2.54M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/shepley-wood-products-inc-hyannis-ma