PPP Loan Data — John Galt Staffing, Inc, Burlington, MA
John Galt Staffing, Inc is a subchapter s corporation located at 77 South Bedford Street Ste 325 in Burlington, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,447,200.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 129 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens Bank, National Association
John Galt Staffing, Inc in Burlington, MA received a Paycheck Protection Loan of $2.45M through Citizens Bank, National Association, 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, John Galt Staffing, Inc's 2019 payroll expenses are estimated to be at least $11.75M.
Based on their reported 129 jobs retained, this equals an estimated average yearly compensation of $91,059 per employee1
Reported PPP Proceed Usage:
On the PPP application, John Galt Staffing, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,447,200
Business Information - John Galt Staffing, Inc in Burlington, MA
77 South Bedford Street Ste 325
Burlington, MA 1803
NAICS code 541330
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as John Galt Staffing, Inc.
John Galt Operations, Inc
Temporary Help Services
John Galt Professionals, Inc
Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
Similar Companies near Burlington
In the Burlington area, 10 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 129) and received an average PPP loan of $461,970 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
Winchester Technologies LLC
Airport Solutions Group, LLC
Harris Miller Miller & Hanson Inc
Air Water Energy Engineers, Inc
Spec Process Engineering & Construction, Inc
Pixel Forensics Inc
Industry PPP Comparison Statistics
Nationwide, 46,579 businesses in the "Engineering Services" industry received a total of $9.17B 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 13 employees, 90% lower than John Galt Staffing, Inc's reported 129 employees, and received an average PPP loan of $196,935, 92% lower than this company's loan of $2.45M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!