PPP Loan Data — League School Of Greater Boston, East Walpole, MA
League School Of Greater Boston is a non-profit organization located at 300 Providence Hwy in East Walpole, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,882,963.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Middlesex Savings Bank
League School Of Greater Boston in East Walpole, MA received a Paycheck Protection Loan of $1.88M through Middlesex 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
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, League School Of Greater Boston's 2019 payroll expenses are estimated to be at least $9.04M.
Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $55,791 per employee1
Reported PPP Proceed Usage:
On the PPP application, League School Of Greater Boston reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,875,963
- Utilities: $2,000
- Mortgage Interest: $5,000
Business Information - League School Of Greater Boston in East Walpole, MA
300 Providence Hwy
East Walpole, MA 2032
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 22,714 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B 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 38 employees, 77% lower than League School Of Greater Boston's reported 162 employees, and received an average PPP loan of $323,643, 83% lower than this company's loan of $1.88M.
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Footnotes & Information
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