PPP Loan Data — The Henry Francis Dupont Winterthur Museum Inc, Winterthur, DE
The Henry Francis Dupont Winterthur Museum Inc is a non-profit organization located at 5105 Kennett Pike in Winterthur, Delaware that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a male owned non-profit, and employed at least 281 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
The Henry Francis Dupont Winterthur Museum Inc in Winterthur, DE received a Paycheck Protection Loan of $2M through Manufacturers and Traders Trust Company, which was approved in January, 2021.
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, The Henry Francis Dupont Winterthur Museum Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 281 jobs retained, this equals an estimated average yearly compensation of $34,164 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Henry Francis Dupont Winterthur Museum Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - The Henry Francis Dupont Winterthur Museum Inc in Winterthur, DE
5105 Kennett Pike
Winterthur, DE 19735
NAICS code 712110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Winterthur
In the Winterthur area, 3 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 160 employees (compared to this company's 281) and received an average PPP loan of $1,432,843 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Friends Of Auburn Heights Preserve
The Henry Francis Dupont Winterthur Musuem Inc
Industry PPP Comparison Statistics
Nationwide, 7,177 businesses in the "Museums" industry received a total of $1.13B 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 18 employees, 94% lower than The Henry Francis Dupont Winterthur Museum Inc's reported 281 employees, and received an average PPP loan of $156,908, 92% lower than this company's loan of $2M.
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Footnotes & Information
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