PPP Loan Data — Maloney Properties. Inc., Wellesley Hills, MA
Maloney Properties. Inc. is a subchapter s corporation located at 27 Mica Lane in Wellesley Hills, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,990,000.00 in April, 2020.
$ PPP Loan Information
Maloney Properties. Inc. received a Paycheck Protection Loan of $4.99M through EASTERN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Maloney Properties. Inc.'s total 2019 payroll expenses were approximately $23.95M in order to qualify for the PPP loan amount received.
Based on their reported 435 jobs retained, this equals an estimated average yearly compensation of $55,062 per employee1.
Business Information - Maloney Properties. Inc. in Wellesley Hills, MA
27 Mica Lane
Wellesley Hills, MA 2481
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-04
Similar Companies near Wellesley Hills
In the Wellesley Hills area, 5 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 99 employees (compared to this company's 435) and received an average PPP loan of $1,249,366 (compared to this company's $4.99M).
Similar Nearby Businesses Who Received PPP Funding:
Poorvu Construction Co, Inc.
Gaia Management Inc
Fineberg Management Inc.
Wellesley Hills, MA
Industry PPP Comparison Statistics
Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 98% lower than Maloney Properties. Inc.'s reported 435 employees, and received an average PPP loan of $114,517, 98% lower than this company's loan of $4.99M.
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Footnotes & Information
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