PPP Loan Data — United Plastic Fabricating Inc, North Andover, MA
United Plastic Fabricating Inc is a corporation located at 165 Flagship Dr in North Andover, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,776,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 260 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CENTURY BANK AND TRUST COMPANY
United Plastic Fabricating Inc in North Andover, MA received a Paycheck Protection Loan of $2.78M through CENTURY BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, United Plastic Fabricating Inc's total 2019 payroll expenses were approximately $13.33M in order to qualify for the PPP loan amount received.
Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $51,260 per employee1.
Business Information - United Plastic Fabricating Inc in North Andover, MA
165 Flagship Dr
North Andover, MA 01845
All Other Plastics Product Manufacturing (NAICS code 326199)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MA-06
Similar Companies near North Andover
In the North Andover area, 2 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 137 employees (compared to this company's 260) and received an average PPP loan of $1,569,330 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Crompton Sales, Inc.
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, 87% lower than United Plastic Fabricating Inc's reported 260 employees, and received an average PPP loan of $385,889, 86% lower than this company's loan of $2.78M.
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Footnotes & Information
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