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PPP Loan Data — Evergreen Center, Inc., Milford, MA

SBA PPP loan data, payroll data, and salaries for Evergreen Center, Inc.
MA Nonprofit Organization

Evergreen Center, Inc.

Entity: Non-profit Organization

Industry: Child and Youth Services

Location: Milford, MA

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Evergreen Center, Inc. is a non-profit organization located at 345 Fortune Blvd in Milford, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,653,805.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.65M

Jobs Retained:

330

Loan Approved:

2020-04-12

Lender:

TD BANK, NATIONAL ASSOCIATION

Evergreen Center, Inc. received a Paycheck Protection Loan of $3.65M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Evergreen Center, Inc.'s total 2019 payroll expenses were approximately $17.54M in order to qualify for the PPP loan amount received.

Based on their reported 330 jobs retained, this equals an estimated average yearly compensation of $53,146 per employee1.

Because the loan received by Evergreen Center, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Evergreen Center, Inc. in Milford, MA

Evergreen Center, Inc.
345 Fortune Blvd
Milford, MA 1757

Business Industry

Child and Youth Services (NAICS code 624110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-04

Similar Companies near Milford

In the Milford area, 3 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 443 employees (compared to this company's 330) and received an average PPP loan of $2,632,032 (compared to this company's $3.65M).

Industry PPP Comparison Statistics

Nationwide, 6,712 businesses in the "Child and Youth Services" industry received a total of $1,286,022,505.00 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 24 employees, 93% lower than Evergreen Center, Inc.'s reported 330 employees, and received an average PPP loan of $191,600, 95% lower than this company's loan of $3.65M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/evergreen-center-inc-milford-ma