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PPP Loan Data — By Appointment Only Inc, Chelmsford, MA

SBA PPP loan data, payroll data, and salaries for By Appointment Only Inc
MA

By Appointment Only Inc

Entity: Corporation

Industry: Marketing Consulting Services

Location: Chelmsford, MA

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By Appointment Only Inc is a corporation located at 300 Apollo Dr Ste 2 in Chelmsford, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,504,610.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.5M

Jobs Retained:

162

Loan Approved:

2020-04-27

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

By Appointment Only Inc received a Paycheck Protection Loan of $2.5M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, By Appointment Only Inc's total 2019 payroll expenses were approximately $12.02M in order to qualify for the PPP loan amount received.

Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $74,211 per employee1.

Because the loan received by By Appointment Only Inc 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 - By Appointment Only Inc in Chelmsford, MA

By Appointment Only Inc
300 Apollo Dr Ste 2
Chelmsford, MA 1824

Business Industry

Marketing Consulting Services (NAICS code 541613)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-03

Similar Companies near Chelmsford

In the Chelmsford area, 2 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 162) and received an average PPP loan of $1,262,722 (compared to this company's $2.5M).

Similar Nearby Businesses Who Received PPP Funding:

Anthony Bavuso Sales & Marketing
Chelmsford, MA

$20,833 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 30,514 businesses in the "Marketing Consulting Services" industry received a total of $1,952,010,997.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 97% lower than By Appointment Only Inc's reported 162 employees, and received an average PPP loan of $63,971, 97% lower than this company's loan of $2.5M.

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.

Search FederalPay's Full PPP Loan Database

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/by-appointment-only-inc-chelmsford-ma