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PPP Loan Data — Simon Pearce, Inc,
Windsor, VT
Simon Pearce, Inc
Entity: Subchapter S Corporation
Industry: Other Pressed and Blown Glass and Glassware Manufacturing
Location: Windsor, VT
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Simon Pearce, Inc is a subchapter s corporation located at 109 Park Rd in Windsor, Vermont that received a Coronavirus-related PPP loan from the SBA of $3,267,073.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-14Lender:
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATIONSimon Pearce, Inc in Windsor, VT received a Paycheck Protection Loan of $3.27M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Simon Pearce, Inc's total 2019 payroll expenses were approximately $15.68M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $62,728 per employee1.
Business Information - Simon Pearce, Inc in Windsor, VT
109 Park Rd
Windsor, VT 05089
Business Industry
Other Pressed and Blown Glass and Glassware Manufacturing (NAICS code 327212)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VT-Industry PPP Comparison Statistics
Nationwide, 391 businesses in the "Other Pressed and Blown Glass and Glassware Manufacturing" industry received a total of $65,208,421.00 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 14 employees, 94% lower than Simon Pearce, Inc's reported 250 employees, and received an average PPP loan of $166,773, 95% lower than this company's loan of $3.27M.
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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