PPP Loan Data — Woodland Pulp LLC, Baileyville, ME
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
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.
Business Information - Woodland Pulp LLC in Baileyville, ME
114 Main St
Baileyville, ME 04694
Pulp Mills (NAICS code 322110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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Footnotes & Information
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