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PPP Loan Data — Kelmar Associates, LLC,
Wakefield, MA
Kelmar Associates, LLC
Entity: Limited Liability Company (LLC)
Industry: Other Management Consulting Services
Location: Wakefield, MA
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Kelmar Associates, LLC is a limited liability company (LLC) located at 500 Edgewater Drive, Suite 525 in Wakefield, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,856,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
181Loan Approved:
2020-04-14Lender:
BOSTON PRIVATE BANK & TRUST COMPANYKelmar Associates, LLC in Wakefield, MA received a Paycheck Protection Loan of $2.86M through BOSTON PRIVATE BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kelmar Associates, LLC's total 2019 payroll expenses were approximately $13.71M in order to qualify for the PPP loan amount received.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $75,755 per employee1.
Business Information - Kelmar Associates, LLC in Wakefield, MA
500 Edgewater Drive, Suite 525
Wakefield, MA 1880
Business Industry
Other Management Consulting Services (NAICS code 541618)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-06Similar Companies near Wakefield
In the Wakefield area, 11 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 181) and received an average PPP loan of $298,401 (compared to this company's $2.86M).
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Industry PPP Comparison Statistics
Nationwide, 45,812 businesses in the "Other Management Consulting Services" industry received a total of $2,639,462,577.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than Kelmar Associates, LLC's reported 181 employees, and received an average PPP loan of $57,615, 98% lower than this company's loan of $2.86M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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