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PPP Loan Data — The Haartz Corporation,
Acton, MA
The Haartz Corporation
Entity: Subchapter S Corporation
Industry: Automobile Manufacturing
Location: Acton, MA
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The Haartz Corporation is a subchapter s corporation located at 87 Hayward Rd in Acton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $7,609,782.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 380 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
380Loan Approved:
2020-04-27Lender:
LEOMINSTER CUThe Haartz Corporation received a Paycheck Protection Loan of $7.61M through LEOMINSTER CU, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Haartz Corporation's total 2019 payroll expenses were approximately $36.53M in order to qualify for the PPP loan amount received.
Based on their reported 380 jobs retained, this equals an estimated average yearly compensation of $96,124 per employee1.
Business Information - The Haartz Corporation in Acton, MA
87 Hayward Rd
Acton, MA 1720
Business Industry
Automobile Manufacturing (NAICS code 336111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: MA-03Industry PPP Comparison Statistics
Nationwide, 372 businesses in the "Automobile Manufacturing" industry received a total of $165,660,729.00 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 31 employees, 92% lower than The Haartz Corporation's reported 380 employees, and received an average PPP loan of $445,325, 94% lower than this company's loan of $7.61M.
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.
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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