PPP Loan Data — Baylibre Sas, Cambridge, MA

Baylibre Sas is a corporation located at 185 Alewife Brook Pkwy Ste 210 in Cambridge, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $52,149.00 in February, 2021.

$ PPP Loan Information

Loan #4720498505

Baylibre Sas in Cambridge, MA received a Paycheck Protection Loan of $52,149 through Silicon Valley Bank, which was approved in February, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2022.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 2 jobs reported as retained on the PPP application³. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 3. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Baylibre Sas' 2019 payroll expenses are estimated to be at least $250,315 (not accounting for salary amounts > $100k).

Because the 2 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Baylibre Sas reported intending to use the proceeds of their PPP loan for the following expenses:

• Payroll: $52,149

Business Information - Baylibre Sas in Cambridge, MA

Similar Companies near Cambridge

In the Cambridge area, 41 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 2) and received an average PPP loan of $302,792 (compared to this company's $52,149).

Industry PPP Comparison Statistics

Nationwide, 42,869 businesses in the "Custom Computer Programming Services" industry received a total of $6.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, 400% higher than Baylibre Sas' reported 2 employees, and received an average PPP loan of $155,041, 197% higher than this company's loan of $52,149.