PPP Loan Data — Labornow, Inc, Braintree, MA
Labornow, Inc is a corporation located at 30 Braintree Hill Office Park, Suite 203 in Braintree, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:SANTANDER BANK, NATIONAL ASSOCIATION
Labornow, Inc in Braintree, MA received a Paycheck Protection Loan of $10M through SANTANDER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Labornow, Inc's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Labornow, Inc in Braintree, MA
30 Braintree Hill Office Park, Suite 203
Braintree, MA 02184
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-08
Similar Companies near Braintree
In the Braintree area, 7 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 500) and received an average PPP loan of $1,569,099 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Boylston Staffing LLC
One Life At A Time
Orion Points West, Inc.
Amplify Resources Group LLC
Edgetech Staffing Inc.
Knight Management Group, Inc
Industry PPP Comparison Statistics
Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 92% lower than Labornow, Inc's reported 500 employees, and received an average PPP loan of $363,100, 96% lower than this company's loan of $10M.
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