PPP Loan Data — Shepley Wood Products, Inc, Hyannis, MA
Shepley Wood Products, Inc
Entity: Subchapter S Corporation
Location: Hyannis, MATweet This • Search All PPP Data
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
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.
Business Information - Shepley Wood Products, Inc in Hyannis, MA
216 Thorton Drive
Hyannis, MA 2601
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS code 423310)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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
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.
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