PPP Loan Data — Jewish Vocational Service Inc, Boston, MA
Jewish Vocational Service Inc is a non-profit organization located at 75 Federal St 2nd Floor in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,956,909.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 153 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Jewish Vocational Service Inc in Boston, MA received a Paycheck Protection Loan of $1.96M through Eastern 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 June, 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, Jewish Vocational Service Inc's 2019 payroll expenses are estimated to be at least $9.39M.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $61,393 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jewish Vocational Service Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,956,909
Business Information - Jewish Vocational Service Inc in Boston, MA
75 Federal St 2nd Floor
Boston, MA 2110
Vocational Rehabilitation Services
NAICS code 624310
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boston
In the Boston area, 2 businesses in the "Vocational Rehabilitation Services" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 153) and received an average PPP loan of $1,086,555 (compared to this company's $1.96M).
Similar Nearby Businesses Who Received PPP Funding:
Asian American Civic Association Inc
Industry PPP Comparison Statistics
Nationwide, 3,932 businesses in the "Vocational Rehabilitation Services" industry received a total of $878.96M 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 32 employees, 79% lower than Jewish Vocational Service Inc's reported 153 employees, and received an average PPP loan of $223,541, 89% lower than this company's loan of $1.96M.
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Footnotes & Information
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