PPP Loan Data — Internal Security Associates LLC, Boston, MA
Internal Security Associates LLC is a limited liability company (LLC) located at 398 Columbus Ave in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,800,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Republic Bank
Internal Security Associates LLC in Boston, MA received a Paycheck Protection Loan of $1.8M through First Republic Bank, 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 January, 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, Internal Security Associates LLC's 2019 payroll expenses are estimated to be at least $8.64M.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $39,273 per employee1
Reported PPP Proceed Usage:
On the PPP application, Internal Security Associates LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,800,000
Business Information - Internal Security Associates LLC in Boston, MA
398 Columbus Ave
Boston, MA 2116
Security Systems Services (except Locksmiths)
NAICS code 561621
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 9,089 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $1.11B 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 12 employees, 95% lower than Internal Security Associates LLC's reported 220 employees, and received an average PPP loan of $122,118, 93% lower than this company's loan of $1.8M.
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Footnotes & Information
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