PPP Loan Data — Hellenic Women's Benevolent Asoociation, Inc, Canton, MA
Hellenic Women's Benevolent Asoociation, Inc is a non-profit organization located at 601 Sherman St in Canton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,573,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Bank of Canton
Hellenic Women's Benevolent Asoociation, Inc in Canton, MA received a Paycheck Protection Loan of $1.57M through The Bank of Canton, which was approved in April, 2020.
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, Hellenic Women's Benevolent Asoociation, Inc's 2019 payroll expenses are estimated to be at least $7.55M.
Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $45,783 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hellenic Women's Benevolent Asoociation, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,180,350
- Utilities: $393,450
Business Information - Hellenic Women's Benevolent Asoociation, Inc in Canton, MA
601 Sherman St
Canton, MA 2021
Continuing Care Retirement Communities
NAICS code 623311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,718 businesses in the "Continuing Care Retirement Communities" industry received a total of $1.53B 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 77 employees, 53% lower than Hellenic Women's Benevolent Asoociation, Inc's reported 165 employees, and received an average PPP loan of $561,944, 64% lower than this company's loan of $1.57M.
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Footnotes & Information
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