PPP Loan Data — Brandon Residential Treatment Center, Inc, Natick, MA
Brandon Residential Treatment Center, Inc is a non-profit organization located at 27 Winter St in Natick, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,714,092.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:East Boston Savings Bank
Brandon Residential Treatment Center, Inc in Natick, MA received a Paycheck Protection Loan of $1.71M through East Boston Savings Bank, which was approved in May, 2020.
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 February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Brandon Residential Treatment Center, Inc's 2019 payroll expenses are estimated to be at least $8.23M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $41,138 per employee1
Reported PPP Proceed Usage:
On the PPP application, Brandon Residential Treatment Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,714,092
Business Information - Brandon Residential Treatment Center, Inc in Natick, MA
27 Winter St
Natick, MA 1760
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Natick
In the Natick area, 8 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 200) and received an average PPP loan of $603,521 (compared to this company's $1.71M).
Similar Nearby Businesses Who Received PPP Funding:
The Bilingual Montessori School Of Sharon
Walnut Hill School For The Arts
Riverbend School, Inc
ST. Benedict Classical Academy Inc
Industry PPP Comparison Statistics
Nationwide, 22,714 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B 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 38 employees, 81% lower than Brandon Residential Treatment Center, Inc's reported 200 employees, and received an average PPP loan of $323,643, 81% lower than this company's loan of $1.71M.
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Footnotes & Information
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