PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Jewish Community Centers Of Greater Boston Inc, Newton Center, MA

ALERT: There are 2 PPP loans for a total of $3.57M in our database for businesses with the name "Jewish Community Centers Of Greater Boston Inc" in Newton Center, MA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Jewish Community Centers Of Greater Boston Inc
MA Nonprofit Organization

Jewish Community Centers Of Greater Boston Inc

Entity: Non-profit Organization

Industry: Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)

Location: Newton Center, MA

Search All PPP Data

Jewish Community Centers Of Greater Boston Inc is a non-profit organization located at 333 Nahanton St in Newton Center, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,362,500.00 in February, 2021.

$ PPP Loan Information
Loan #4266768502

Loan Size:

$1.36M

Jobs Retained:

284

Loan Approved:

2021-02-25

Loan Status:

Ongoing Loan

Lender:

Century Bank and Trust Company

Jewish Community Centers Of Greater Boston Inc in Newton Center, MA received a Paycheck Protection Loan of $1.36M through Century Bank and Trust Company, which was approved in February, 2021.

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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Jewish Community Centers Of Greater Boston Inc's 2019 payroll expenses are estimated to be at least $6.54M.

Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $23,028 per employee1

Reported PPP Proceed Usage:

On the PPP application, Jewish Community Centers Of Greater Boston Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,362,496
  • Utilities: $1

Business Information - Jewish Community Centers Of Greater Boston Inc in Newton Center, MA

Jewish Community Centers Of Greater Boston Inc
333 Nahanton St
Newton Center, MA 2459

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Middlesex County, MA — SBA Office 0101 — Congressional District: MA-04

Industry PPP Comparison Statistics

Nationwide, 8,934 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a total of $676.03M 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 9 employees, 97% lower than Jewish Community Centers Of Greater Boston Inc's reported 284 employees, and received an average PPP loan of $75,670, 94% lower than this company's loan of $1.36M.

SBA PPP loan data, payroll data, and salaries for Jewish Community Centers Of Greater Boston, Inc
MA Nonprofit Organization

Jewish Community Centers Of Greater Boston, Inc

Entity: Non-profit Organization

Industry: Other Social Advocacy Organizations

Location: Newton Center, MA

Search All PPP Data

Jewish Community Centers Of Greater Boston, Inc is a non-profit organization located at 333 Nahanton Street in Newton Center, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,204,400.00 in April, 2020.

$ PPP Loan Information
Loan #7222497009

Loan Size:

$2.2M

Jobs Retained:

457

Loan Approved:

2020-04-07

Loan Status:

Ongoing Loan

Lender:

Century Bank and Trust Company

Jewish Community Centers Of Greater Boston, Inc in Newton Center, MA received a Paycheck Protection Loan of $2.2M through Century Bank and Trust Company, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Jewish Community Centers Of Greater Boston, Inc's 2019 payroll expenses are estimated to be at least $10.58M.

Based on their reported 457 jobs retained, this equals an estimated average yearly compensation of $23,153 per employee1

Reported PPP Proceed Usage:

On the PPP application, Jewish Community Centers Of Greater Boston, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,204,400
Because the loan received by Jewish Community Centers Of Greater Boston, 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 - Jewish Community Centers Of Greater Boston, Inc in Newton Center, MA

Jewish Community Centers Of Greater Boston, Inc
333 Nahanton Street
Newton Center, MA 2459

Business Industry:
Other Social Advocacy Organizations
NAICS code 813319

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Middlesex County, MA — SBA Office 0101 — Congressional District: MA-04

Similar Companies near Newton Center

In the Newton Center area, 9 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 457) and received an average PPP loan of $331,725 (compared to this company's $2.2M).

Industry PPP Comparison Statistics

Nationwide, 9,921 businesses in the "Other Social Advocacy Organizations" industry received a total of $1.43B 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 16 employees, 96% lower than Jewish Community Centers Of Greater Boston, Inc's reported 457 employees, and received an average PPP loan of $144,360, 93% lower than this company's loan of $2.2M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/jewish-community-centers-of-greater-boston-inc-newton-center-ma