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PPP Loan Data — Woodland Pulp LLC, Baileyville, ME

SBA PPP loan data, payroll data, and salaries for Woodland Pulp LLC
ME

Woodland Pulp LLC

Entity: Limited Liability Company (LLC)

Industry: Pulp Mills

Location: Baileyville, ME

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Woodland Pulp LLC is a limited liability company (LLC) located at 114 Main St in Baileyville, Maine that received a Coronavirus-related PPP loan from the SBA of $6,682,707.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.68M

Jobs Retained:

321

Loan Approved:

2020-04-09

Lender:

MACHIAS SAVINGS BANK

Woodland Pulp LLC in Baileyville, ME received a Paycheck Protection Loan of $6.68M through MACHIAS SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Woodland Pulp LLC's total 2019 payroll expenses were approximately $32.08M in order to qualify for the PPP loan amount received.

Based on their reported 321 jobs retained, this equals an estimated average yearly compensation of $99,928 per employee1.

Because the loan received by Woodland Pulp 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 - Woodland Pulp LLC in Baileyville, ME

Woodland Pulp LLC
114 Main St
Baileyville, ME 04694

Business Industry

Pulp Mills (NAICS code 322110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: ME-02

Industry PPP Comparison Statistics

Nationwide, 61 businesses in the "Pulp Mills" industry received a total of $24,673,892.00 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 28 employees, 91% lower than Woodland Pulp LLC's reported 321 employees, and received an average PPP loan of $404,490, 94% lower than this company's loan of $6.68M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/woodland-pulp-llc-baileyville-me