PPP Loan Data — Davenport Asset Management LLC, Boston, MA
Davenport Asset Management LLC is a limited liability company (LLC) located at 667 Boylston St in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $46,870.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Webster Bank, National Association
Davenport Asset Management LLC in Boston, MA received a Paycheck Protection Loan of $46,870 through Webster Bank, National Association, 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 June, 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, Davenport Asset Management LLC's 2019 payroll expenses are estimated to be at least $224,976.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,992 per employee1
Reported PPP Proceed Usage:
On the PPP application, Davenport Asset Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,870
Business Information - Davenport Asset Management LLC in Boston, MA
667 Boylston St
Boston, MA 2116
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boston
In the Boston area, 43 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 3) and received an average PPP loan of $240,044 (compared to this company's $46,870).
Similar Nearby Businesses Who Received PPP Funding:
Baycross Capital Group LLC
Haley Rose Public Relations Inc
Riemer Associates Inc
Thesis Business And Development
The Bowler Company Inc
Baerlein Andpartners Inc
Commonwealth Supply Chain Advisors, LLC
Creemore Advisors, LLC
Investor Group Services LLC
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, 33% higher than Davenport Asset Management LLC's reported 3 employees, and received an average PPP loan of $44,524, 5% lower than this company's loan of $46,870.
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Footnotes & Information
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