PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

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

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

Witch History Museum Inc.

Entity: Subchapter S Corporation

Industry: Museums

Location: Salem, MA

Search All PPP Data

Witch History Museum Inc. is a subchapter s corporation located at 197 Essex Street in Salem, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $47,992.00 in June, 2020.

$ PPP Loan Information

Loan Size:

$47,992

Jobs Retained:

11

Loan Approved:

2020-06-25

Lender:

PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION

Witch History Museum Inc. received a Paycheck Protection Loan of $47,992 through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in June, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Witch History Museum Inc.'s total 2019 payroll expenses were approximately $230,362 in order to qualify for the PPP loan amount received.

Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,942 per employee1.

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

Witch History Museum Inc.
197 Essex 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 11) and received an average PPP loan of $507,459 (compared to this company's $47,992).

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, 45% higher than Witch History Museum Inc.'s reported 11 employees, and received an average PPP loan of $162,172, 238% higher than this company's loan of $47,992.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/witch-history-museum-inc-salem-ma