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PPP Loan Data — Walpole Outdoors LLC, Norwood, MA

SBA PPP loan data, payroll data, and salaries for Walpole Outdoors LLC
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:

$2.53M

Jobs Retained:

192

Loan Approved:

2020-04-05

Lender:

MIDDLESEX SAVINGS BANK

Walpole 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.

Because the loan received by Walpole Outdoors LLC 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 - Walpole Outdoors LLC in Norwood, MA

Walpole Outdoors LLC
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-08

Industry 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.

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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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Source: www.federalpay.org/paycheck-protection-program/walpole-outdoors-llc-norwood-ma