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PPP Loan Data — Walpole Outdoors LLC,
Norwood, MA
Walpole Outdoors LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Miscellaneous Wood Product Manufacturing
Location: Norwood, MA
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Walpole Outdoors LLC is a limited liability company (LLC) located at 100 River Ridge Dr in Norwood, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,525,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
192Loan Approved:
2020-04-05Lender:
MIDDLESEX SAVINGS BANKWalpole Outdoors LLC in Norwood, MA received a Paycheck Protection Loan of $2.53M through MIDDLESEX SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Walpole Outdoors LLC's total 2019 payroll expenses were approximately $12.12M in order to qualify for the PPP loan amount received.
Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $63,140 per employee1.
Business Information - Walpole Outdoors LLC in Norwood, MA
100 River Ridge Dr
Norwood, MA 02062
Business Industry
All Other Miscellaneous Wood Product Manufacturing (NAICS code 321999)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-08Industry PPP Comparison Statistics
Nationwide, 2,448 businesses in the "All Other Miscellaneous Wood Product Manufacturing" industry received a total of $338,832,974.00 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, 93% lower than Walpole Outdoors LLC's reported 192 employees, and received an average PPP loan of $138,412, 95% lower than this company's loan of $2.53M.
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.
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