PPP Loan Data — Cooperative For Human Services, Lexington, MA
Cooperative For Human Services
Entity: Non-profit Organization
Location: Lexington, MATweet This • Search All PPP Data
Cooperative For Human Services is a non-profit organization located at 420 Bedford Street in Lexington, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,987,132.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Cooperative For Human Services in Lexington, MA received a Paycheck Protection Loan of $2.99M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cooperative For Human Services' total 2019 payroll expenses were approximately $14.34M in order to qualify for the PPP loan amount received.
Based on their reported 416 jobs retained, this equals an estimated average yearly compensation of $34,467 per employee1.
Business Information - Cooperative For Human Services in Lexington, MA
420 Bedford Street
Lexington, MA 2420
Services for the Elderly and Persons with Disabilities (NAICS code 624120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-05
Similar Companies near Lexington
In the Lexington area, 3 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 141 employees (compared to this company's 416) and received an average PPP loan of $1,101,711 (compared to this company's $2.99M).
Similar Nearby Businesses Who Received PPP Funding:
Waypoint Adventure, Inc.
Minute Women Home Services, Inc
Industry PPP Comparison Statistics
Nationwide, 7,046 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $1,535,554,395.00 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 32 employees, 92% lower than Cooperative For Human Services' reported 416 employees, and received an average PPP loan of $217,933, 93% lower than this company's loan of $2.99M.
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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