PPP Loan Data — Eagle Hill Foundation Of Massachusetts Inc, Hardwick, MA
Eagle Hill Foundation Of Massachusetts Inc is a non-profit organization located at 242 Old Petersham Rd in Hardwick, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,987,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Rollstone Bank & Trust
Eagle Hill Foundation Of Massachusetts Inc in Hardwick, MA received a Paycheck Protection Loan of $1.99M through Rollstone Bank & Trust, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Eagle Hill Foundation Of Massachusetts Inc's 2019 payroll expenses are estimated to be at least $9.54M.
Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $63,192 per employee1
Reported PPP Proceed Usage:
On the PPP application, Eagle Hill Foundation Of Massachusetts Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,987,900
Business Information - Eagle Hill Foundation Of Massachusetts Inc in Hardwick, MA
242 Old Petersham Rd
Hardwick, MA 1037
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hardwick
In the Hardwick area, 2 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 150 employees (compared to this company's 151) and received an average PPP loan of $1,953,400 (compared to this company's $1.99M).
Similar Nearby Businesses Who Received PPP Funding:
Eagle Hill Foundation Of Massachusetts
Industry PPP Comparison Statistics
Nationwide, 22,714 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B 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 38 employees, 75% lower than Eagle Hill Foundation Of Massachusetts Inc's reported 151 employees, and received an average PPP loan of $323,643, 84% lower than this company's loan of $1.99M.
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Footnotes & Information
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