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PPP Loan Data — Supply New England, Inc.,
Attleboro, MA
Supply New England, Inc.
Entity: Corporation
Industry: Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers
Location: Attleboro, MA
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Supply New England, Inc. is a corporation located at 123 East St in Attleboro, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,694,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
191Loan Approved:
2020-04-14Lender:
BRISTOL COUNTY SAVINGS BANKSupply New England, Inc. in Attleboro, MA received a Paycheck Protection Loan of $2.69M through BRISTOL COUNTY SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Supply New England, Inc.'s total 2019 payroll expenses were approximately $12.93M in order to qualify for the PPP loan amount received.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $67,703 per employee1.
Business Information - Supply New England, Inc. in Attleboro, MA
123 East St
Attleboro, MA 2703
Business Industry
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-04Similar Companies near Attleboro
In the Attleboro area, 2 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 191) and received an average PPP loan of $1,353,398 (compared to this company's $2.69M).
Similar Nearby Businesses Who Received PPP Funding:
Paul Ladouceur
Attleboro, MA
Industry PPP Comparison Statistics
Nationwide, 2,431 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $601,862,879.00 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 16 employees, 92% lower than Supply New England, Inc.'s reported 191 employees, and received an average PPP loan of $247,578, 91% lower than this company's loan of $2.69M.
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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