PPP Loan Data — CIC Innovation Services, LLC, Cambridge, MA
CIC Innovation Services, LLC
Entity: Limited Liability Company (LLC)
Location: Cambridge, MATweet This • Search All PPP Data
CIC Innovation Services, LLC is a limited liability company (LLC) located at 1 Broadway, 14th Fl in Cambridge, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,950,222.00 in April, 2020.
$ PPP Loan Information
Lender:CAMBRIDGE TRUST COMPANY
CIC Innovation Services, LLC received a Paycheck Protection Loan of $3.95M through CAMBRIDGE TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, CIC Innovation Services, LLC's total 2019 payroll expenses were approximately $18.96M in order to qualify for the PPP loan amount received.
Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $70,750 per employee1.
Business Information - CIC Innovation Services, LLC in Cambridge, MA
1 Broadway, 14th Fl
Cambridge, MA 2142
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-07
Similar Companies near Cambridge
In the Cambridge area, 14 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 268) and received an average PPP loan of $465,278 (compared to this company's $3.95M).
Similar Nearby Businesses Who Received PPP Funding:
Amy L. Campbell
Watts Security, Inc.
Vector Software USA Corp
Boston Techcollective Cooperative, Inc.
Algo Depth LLC
Opus Regulatory Inc
Factor Bioscience Inc.
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than CIC Innovation Services, LLC's reported 268 employees, and received an average PPP loan of $74,488, 98% lower than this company's loan of $3.95M.
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