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PPP Loan Data — Connexion Systems And Engineering, Inc.,
Sudbury, MA
Connexion Systems And Engineering, Inc.
Entity: Corporation
Industry: Employment Placement Agencies
Location: Sudbury, MA
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Connexion Systems And Engineering, Inc. is a corporation located at 490 Boston Post Rd in Sudbury, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,516,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
209Loan Approved:
2020-04-11Lender:
BERKSHIRE BANKConnexion Systems And Engineering, Inc. in Sudbury, MA received a Paycheck Protection Loan of $2.52M through BERKSHIRE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Connexion Systems And Engineering, Inc.'s total 2019 payroll expenses were approximately $12.08M in order to qualify for the PPP loan amount received.
Based on their reported 209 jobs retained, this equals an estimated average yearly compensation of $57,795 per employee1.
Business Information - Connexion Systems And Engineering, Inc. in Sudbury, MA
490 Boston Post Rd
Sudbury, MA 1776
Business Industry
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-05Industry 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, 82% lower than Connexion Systems And Engineering, Inc.'s reported 209 employees, and received an average PPP loan of $363,100, 86% lower than this company's loan of $2.52M.
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, and is published unmodified, as provided by the SBA.
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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