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PPP Loan Data — Boston Ivf LLC, Waltham, MA

SBA PPP loan data, payroll data, and salaries for Boston Ivf LLC
MA

Boston Ivf LLC

Entity: Corporation

Industry: Family Planning Centers

Location: Waltham, MA

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Boston Ivf LLC is a corporation located at 130 2nd Avenue in Waltham, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $5,887,642.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.89M

Jobs Retained:

475

Loan Approved:

2020-04-15

Lender:

SANTANDER BANK, NATIONAL ASSOCIATION

Boston Ivf LLC received a Paycheck Protection Loan of $5.89M through SANTANDER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Boston Ivf LLC's total 2019 payroll expenses were approximately $28.26M in order to qualify for the PPP loan amount received.

Based on their reported 475 jobs retained, this equals an estimated average yearly compensation of $59,496 per employee1.

Because the loan received by Boston Ivf 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 - Boston Ivf LLC in Waltham, MA

Boston Ivf LLC
130 2nd Avenue
Waltham, MA 2451

Business Industry

Family Planning Centers (NAICS code 621410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-05

Industry PPP Comparison Statistics

Nationwide, 1,240 businesses in the "Family Planning Centers" industry received a total of $163,470,344.00 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 13 employees, 97% lower than Boston Ivf LLC's reported 475 employees, and received an average PPP loan of $131,831, 98% lower than this company's loan of $5.89M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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/boston-ivf-llc-waltham-ma