FederalPay.org
PPP Loan Data — United Plastic Fabricating Inc,
North Andover, MA
United Plastic Fabricating Inc
Entity: Corporation
Industry: All Other Plastics Product Manufacturing
Location: North Andover, MA
Tweet This
•
Search All PPP Data
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
Loan Size:
Jobs Retained:
260Loan Approved:
2020-04-10Lender:
CENTURY BANK AND TRUST COMPANYUnited 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
Business Industry
All Other Plastics Product Manufacturing (NAICS code 326199)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MA-06Similar 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.
Methuen, MA
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.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!