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PPP Loan Data — Witch Dungeon Museum Inc., Salem, MA

SBA PPP loan data, payroll data, and salaries for Witch Dungeon Museum Inc.
MA

Witch Dungeon Museum Inc.

Entity: Subchapter S Corporation

Industry: Museums

Location: Salem, MA

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Witch Dungeon Museum Inc. is a subchapter s corporation located at 16 Lynde Street in Salem, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $67,630.00 in June, 2020.

$ PPP Loan Information

Loan Size:

$67,630

Jobs Retained:

18

Loan Approved:

2020-06-25

Lender:

PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION

Witch Dungeon Museum Inc. received a Paycheck Protection Loan of $67,630 through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in June, 2020.

Based on standard PPP eligibility rules, Witch Dungeon Museum Inc.'s total 2019 payroll expenses were approximately $324,624 in order to qualify for the PPP loan amount received.

Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $18,035 per employee1.

Business Information - Witch Dungeon Museum Inc. in Salem, MA

Witch Dungeon Museum Inc.
16 Lynde Street
Salem, MA 1970

Business Industry

Museums (NAICS code 712110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-06

Similar Companies near Salem

In the Salem area, 6 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 18) and received an average PPP loan of $507,459 (compared to this company's $67,630).

Industry PPP Comparison Statistics

Nationwide, 4,135 businesses in the "Museums" industry received a total of $670,583,040.00 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 16 employees, 11% lower than Witch Dungeon Museum Inc.'s reported 18 employees, and received an average PPP loan of $162,172, 140% higher than this company's loan of $67,630.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/witch-dungeon-museum-inc-salem-ma