PPP Loan Data — Zampell Refractories, Inc, Newburyport, MA
Zampell Refractories, Inc
Entity: Subchapter S Corporation
Location: Newburyport, MATweet This • Search All PPP Data
Zampell Refractories, Inc is a subchapter s corporation located at 3 Stanley Tucker Drive in Newburyport, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,407,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 228 people during the applicable loan loan period.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
Zampell Refractories, Inc in Newburyport, MA received a Paycheck Protection Loan of $4.41M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Zampell Refractories, Inc's total 2019 payroll expenses were approximately $21.15M in order to qualify for the PPP loan amount received.
Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $92,781 per employee1.
Business Information - Zampell Refractories, Inc in Newburyport, MA
3 Stanley Tucker Drive
Newburyport, MA 1950
Clay Building Material and Refractories Manufacturing (NAICS code 327120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MA-06
Industry PPP Comparison Statistics
Nationwide, 253 businesses in the "Clay Building Material and Refractories Manufacturing" industry received a total of $114,331,912.00 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 34 employees, 85% lower than Zampell Refractories, Inc's reported 228 employees, and received an average PPP loan of $451,905, 90% lower than this company's loan of $4.41M.
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Footnotes & Information
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