PPP Loan Data — Williams Lumber, Inc., Rhinebeck, NY
Williams Lumber, Inc. is a subchapter s corporation located at 6760 Route 9w in Rhinebeck, New York that received a Coronavirus-related PPP loan from the SBA of $2,546,800.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Williams Lumber, Inc. in Rhinebeck, NY received a Paycheck Protection Loan of $2.55M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Williams Lumber, Inc.'s total 2019 payroll expenses were approximately $12.22M in order to qualify for the PPP loan amount received.
Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $44,132 per employee1.
Business Information - Williams Lumber, Inc. in Rhinebeck, NY
6760 Route 9w
Rhinebeck, NY 12572
Other Building Material Dealers (NAICS code 444190)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-19
Similar Companies near Rhinebeck
In the Rhinebeck area, 3 businesses in the "Other Building Material Dealers" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 277) and received an average PPP loan of $858,567 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Hardwood Realty LLC
Red Hook, NY
Michael Flannery DBA Northern Dutchess Hardwoods
Red Hook, NY
Industry PPP Comparison Statistics
Nationwide, 7,624 businesses in the "Other Building Material Dealers" industry received a total of $1,126,038,672.00 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 12 employees, 96% lower than Williams Lumber, Inc.'s reported 277 employees, and received an average PPP loan of $147,697, 94% lower than this company's loan of $2.55M.
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Footnotes & Information
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