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PPP Loan Data — Thompson Creek Window Company, Lanham, MD

SBA PPP loan data, payroll data, and salaries for Thompson Creek Window Company
MD

Thompson Creek Window Company

Entity: Subchapter S Corporation

Industry: All Other Plastics Product Manufacturing

Location: Lanham, MD

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Thompson Creek Window Company is a subchapter s corporation located at 4200 Parliament Place in Lanham, Maryland that received a Coronavirus-related PPP loan from the SBA of $5,280,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.28M

Jobs Retained:

435

Loan Approved:

2020-04-06

Lender:

SANDY SPRING BANK

Thompson Creek Window Company in Lanham, MD received a Paycheck Protection Loan of $5.28M through SANDY SPRING BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Thompson Creek Window Company's total 2019 payroll expenses were approximately $25.35M in order to qualify for the PPP loan amount received.

Based on their reported 435 jobs retained, this equals an estimated average yearly compensation of $58,269 per employee1.

Because the loan received by Thompson Creek Window Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Thompson Creek Window Company in Lanham, MD

Thompson Creek Window Company
4200 Parliament Place
Lanham, MD 20706

Business Industry

All Other Plastics Product Manufacturing (NAICS code 326199)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-04

Similar Companies near Lanham

In the Lanham area, 2 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 227 employees (compared to this company's 435) and received an average PPP loan of $2,758,625 (compared to this company's $5.28M).

Similar Nearby Businesses Who Received PPP Funding:

Precision Plastics Inc
Beltsville, MD

$236,650 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,247 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1,252,980,223.00 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 33 employees, 92% lower than Thompson Creek Window Company's reported 435 employees, and received an average PPP loan of $385,889, 93% lower than this company's loan of $5.28M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/thompson-creek-window-company-lanham-md