PPP Loan Data — Bay State Community Services Inc., Quincy, MA
Bay State Community Services Inc. is a non-profit organization located at 1120 Hancock St in Quincy, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,863,984.00 in April, 2020.
$ PPP Loan Information
Lender:ROCKLAND TRUST COMPANY
Bay State Community Services Inc. in Quincy, MA received a Paycheck Protection Loan of $2.86M through ROCKLAND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bay State Community Services Inc.'s total 2019 payroll expenses were approximately $13.75M in order to qualify for the PPP loan amount received.
Based on their reported 334 jobs retained, this equals an estimated average yearly compensation of $41,159 per employee1.
Business Information - Bay State Community Services Inc. in Quincy, MA
1120 Hancock St
Quincy, MA 2169
Other Individual and Family Services (NAICS code 624190)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-08
Similar Companies near Quincy
In the Quincy area, 3 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 334) and received an average PPP loan of $956,652 (compared to this company's $2.86M).
Similar Nearby Businesses Who Received PPP Funding:
CLC Consulting LLC
South Shore Family Health Collaborative, LLC
Industry PPP Comparison Statistics
Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 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 17 employees, 95% lower than Bay State Community Services Inc.'s reported 334 employees, and received an average PPP loan of $145,761, 95% lower than this company's loan of $2.86M.
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.
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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