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PPP Loan Data — Three Amigos Fishing Corp,
New Bedford, MA
Three Amigos Fishing Corp
Entity: Subchapter S Corporation
Industry: Fish and Seafood Merchant Wholesalers
Location: New Bedford, MA
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Three Amigos Fishing Corp is a subchapter s corporation located at 13 Centre St in New Bedford, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $123,973.00 in June, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
19Loan Approved:
2020-06-30Lender:
WEBSTER BANK, NATIONAL ASSOCIATIONThree Amigos Fishing Corp received a Paycheck Protection Loan of $123,973 through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in June, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Three Amigos Fishing Corp's total 2019 payroll expenses were approximately $595,070 in order to qualify for the PPP loan amount received.
Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $31,319 per employee1.
Business Information - Three Amigos Fishing Corp in New Bedford, MA
13 Centre St
New Bedford, MA 2740
Business Industry
Fish and Seafood Merchant Wholesalers (NAICS code 424460)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-09Similar Companies near New Bedford
In the New Bedford area, 16 businesses in the "Fish and Seafood Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 19) and received an average PPP loan of $595,821 (compared to this company's $123,973).
Similar Nearby Businesses Who Received PPP Funding:
Northern Wind, Inc.
New Bedford, MA
Big G Seafood Inc
New Bedford, MA
Nebula Foods, Inc.
New Bedford, MA
East Coast Seafood Group, LLC
New Bedford, MA
Ocean C Star (NY) Inc
New Bedford, MA
M & B Sea Products Inc.
New Bedford, MA
Liberty Lobster Company
New Bedford, MA
Tempest Fisheries, LTD
New Bedford, MA
Industry PPP Comparison Statistics
Nationwide, 1,666 businesses in the "Fish and Seafood Merchant Wholesalers" industry received a total of $243,685,353.00 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 13 employees, 32% lower than Three Amigos Fishing Corp's reported 19 employees, and received an average PPP loan of $146,270, 18% higher than this company's loan of $123,973.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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