PPP Loan Data — Superior Bindery Inc, Braintree, MA
Superior Bindery Inc is a corporation located at 1 Federal Drive in Braintree, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,003,794.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cambridge Savings Bank
Superior Bindery Inc in Braintree, MA received a Paycheck Protection Loan of $2M through Cambridge Savings Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Superior Bindery Inc's 2019 payroll expenses are estimated to be at least $9.62M.
Based on their reported 158 jobs retained, this equals an estimated average yearly compensation of $60,875 per employee1
Reported PPP Proceed Usage:
On the PPP application, Superior Bindery Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,003,794
Business Information - Superior Bindery Inc in Braintree, MA
1 Federal Drive
Braintree, MA 2184
Support Activities for Printing
NAICS code 323120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,978 businesses in the "Support Activities for Printing" industry received a total of $205.33M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 94% lower than Superior Bindery Inc's reported 158 employees, and received an average PPP loan of $103,805, 95% lower than this company's loan of $2M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!