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PPP Loan Data — Conformis, Inc., Billerica, MA

SBA PPP loan data, payroll data, and salaries for Conformis, Inc.

Conformis, Inc.

Entity: Corporation

Industry: Surgical and Medical Instrument Manufacturing

Location: Billerica, MA

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Conformis, Inc. is a corporation located at 600 Technology Park Drive in Billerica, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,719,800.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 254 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Conformis, Inc. received a Paycheck Protection Loan of $4.72M through EAST WEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Conformis, Inc.'s total 2019 payroll expenses were approximately $22.66M in order to qualify for the PPP loan amount received.

Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $89,193 per employee1.

Because the loan received by Conformis, 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 - Conformis, Inc. in Billerica, MA

Conformis, Inc.
600 Technology Park Drive
Billerica, MA 1821

Business Industry

Surgical and Medical Instrument Manufacturing (NAICS code 339112)

Business Owner Demographics

Race / Ethnicity: Unreported


Veteran Status: NON-VETERAN

Congressional District: MA-06

Similar Companies near Billerica

In the Billerica area, 2 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a PPP loan. These local businesses reported an average of 167 employees (compared to this company's 254) and received an average PPP loan of $2,821,400 (compared to this company's $4.72M).

Similar Nearby Businesses Who Received PPP Funding:

LAB Medical Manufacturing, Inc.
Billerica, MA

$923,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,193 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a total of $649,163,907.00 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 18 employees, 93% lower than Conformis, Inc.'s reported 254 employees, and received an average PPP loan of $296,016, 94% lower than this company's loan of $4.72M.

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 - The Civil Employee's Resource **