PPP Loan Data — Connectrn, Inc., Waltham, MA
Connectrn, Inc. is a corporation located at 203 Crescent Street, Suite 403 in Waltham, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,488,100.00 in April, 2020.
$ PPP Loan Information
Lender:WESTERN ALLIANCE BANK
Connectrn, Inc. received a Paycheck Protection Loan of $2.49M through WESTERN ALLIANCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Connectrn, Inc.'s total 2019 payroll expenses were approximately $11.94M in order to qualify for the PPP loan amount received.
Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $53,316 per employee1.
Business Information - Connectrn, Inc. in Waltham, MA
203 Crescent Street, Suite 403
Waltham, MA 2453
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-05
Industry PPP Comparison Statistics
Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 83% lower than Connectrn, Inc.'s reported 224 employees, and received an average PPP loan of $363,100, 85% lower than this company's loan of $2.49M.
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Footnotes & Information
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