PPP Loan Data — Wilson Farms, Inc, Lexington, MA
Wilson Farms, Inc is a subchapter s corporation located at 10 Pleasant St in Lexington, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,160,900.00 in April, 2020.
$ PPP Loan Information
Lender:MECHANICS COOPERATIVE BANK
Wilson Farms, Inc received a Paycheck Protection Loan of $3.16M through MECHANICS COOPERATIVE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wilson Farms, Inc's total 2019 payroll expenses were approximately $15.17M in order to qualify for the PPP loan amount received.
Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $61,928 per employee1.
Business Information - Wilson Farms, Inc in Lexington, MA
10 Pleasant St
Lexington, MA 2421
Other Vegetable (except Potato) and Melon Farming (NAICS code 111219)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-05
Industry PPP Comparison Statistics
Nationwide, 2,280 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a total of $313,843,829.00 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 18 employees, 93% lower than Wilson Farms, Inc's reported 245 employees, and received an average PPP loan of $137,651, 96% lower than this company's loan of $3.16M.
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Footnotes & Information
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