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

PPP Loan Data — Keypoint Partners LLC, Burlington, MA

ALERT: There are 2 PPP loans for a total of $3.33M in our database for businesses with the name "Keypoint Partners LLC" in Burlington, 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 Keypoint Partners LLC
MA

Keypoint Partners LLC

Entity: Limited Liability Company (LLC)

Industry: Nonresidential Property Managers

Location: Burlington, MA

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Keypoint Partners LLC is a limited liability company (LLC) located at 1 Burlington Woods Dr in Burlington, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,708,290.00 in January, 2021.

$ PPP Loan Information
Loan #4481068300

Loan Size:

$1.71M

Jobs Retained:

110

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

Cambridge Savings Bank

Keypoint Partners LLC in Burlington, MA received a Paycheck Protection Loan of $1.71M through Cambridge Savings Bank, which was approved in January, 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, Keypoint Partners LLC's 2019 payroll expenses are estimated to be at least $8.2M.

Based on their reported 110 jobs retained, this equals an estimated average yearly compensation of $74,544 per employee1

Reported PPP Proceed Usage:

On the PPP application, Keypoint Partners LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,708,290

Business Information - Keypoint Partners LLC in Burlington, MA

Keypoint Partners LLC
1 Burlington Woods Dr
Burlington, MA 1803

Business Industry:
Nonresidential Property Managers
NAICS code 531312

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-06

Similar Companies near Burlington

In the Burlington area, 3 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 110) and received an average PPP loan of $767,126 (compared to this company's $1.71M).

Similar Nearby Businesses Who Received PPP Funding:

Capstone Financial Services, Inc
Burlington, MA

$292,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 11,970 businesses in the "Nonresidential Property Managers" industry received a total of $1.22B 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, 92% lower than Keypoint Partners LLC's reported 110 employees, and received an average PPP loan of $101,557, 94% lower than this company's loan of $1.71M.

SBA PPP loan data, payroll data, and salaries for Keypoint Partners, LLC
MA

Keypoint Partners, LLC

Entity: Limited Liability Company (LLC)

Industry: Portfolio Management

Location: Burlington, MA

Search All PPP Data

Keypoint Partners, LLC is a limited liability company (LLC) located at 1 Burlington Woods Dr in Burlington, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,622,708.00 in April, 2020.

$ PPP Loan Information
Loan #1101727100

Loan Size:

$1.62M

Jobs Retained:

93

Loan Approved:

2020-04-09

Loan Status:

Paid in Full or Forgiven

Lender:

Cambridge Savings Bank

Keypoint Partners, LLC in Burlington, MA received a Paycheck Protection Loan of $1.62M through Cambridge Savings 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

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, Keypoint Partners, LLC's 2019 payroll expenses are estimated to be at least $7.79M.

Based on their reported 93 jobs retained, this equals an estimated average yearly compensation of $83,753 per employee1

Reported PPP Proceed Usage:

On the PPP application, Keypoint Partners, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,622,708

Business Information - Keypoint Partners, LLC in Burlington, MA

Keypoint Partners, LLC
1 Burlington Woods Dr
Burlington, MA 1803

Business Industry:
Portfolio Management
NAICS code 523920

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-06

Similar Companies near Burlington

In the Burlington area, 2 businesses in the "Portfolio Management" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 93) and received an average PPP loan of $956,461 (compared to this company's $1.62M).

Similar Nearby Businesses Who Received PPP Funding:

AAM 15 Management, LLC
Burlington, MA

$290,213 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 6,153 businesses in the "Portfolio Management" industry received a total of $512.81M 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 6 employees, 94% lower than Keypoint Partners, LLC's reported 93 employees, and received an average PPP loan of $83,343, 95% lower than this company's loan of $1.62M.

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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Source: www.federalpay.org/paycheck-protection-program/keypoint-partners-llc-burlington-ma