PPP Loan Data — Clearpoint Advisors, Gloucester, MA
Entity: Limited Liability Company (LLC)
Location: Gloucester, MATweet This • Search All PPP Data
Clearpoint Advisors is a limited liability company (LLC) located at 2 Breezy Point Rd in Gloucester, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Republic Bank
Clearpoint Advisors in Gloucester, MA received a Paycheck Protection Loan of $25,100 through First Republic Bank, which was approved in April, 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 May, 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, Clearpoint Advisors' 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Clearpoint Advisors reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Clearpoint Advisors in Gloucester, MA
2 Breezy Point Rd
Gloucester, MA 1930
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gloucester
In the Gloucester area, 10 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $23,180 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Cyril C. Means, ESQ
Susan L Welch
Navis Partners, LLC
Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, 150% higher than Clearpoint Advisors' reported 2 employees, and received an average PPP loan of $58,139, 132% higher than this company's loan of $25,100.
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Footnotes & Information
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