PPP Loan Data — Meadowbrook School Of Weston, Inc, Weston, MA
Meadowbrook School Of Weston, Inc is a non-profit organization located at 10 Farm Rd in Weston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,587,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Century Bank and Trust Company
Meadowbrook School Of Weston, Inc in Weston, MA received a Paycheck Protection Loan of $1.59M through Century Bank and Trust Company, 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 April, 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, Meadowbrook School Of Weston, Inc's 2019 payroll expenses are estimated to be at least $7.62M.
Based on their reported 91 jobs retained, this equals an estimated average yearly compensation of $83,736 per employee1
Reported PPP Proceed Usage:
On the PPP application, Meadowbrook School Of Weston, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,587,500
Business Information - Meadowbrook School Of Weston, Inc in Weston, MA
10 Farm Rd
Weston, MA 2493
Other Grantmaking and Giving Services
NAICS code 813219
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Weston
In the Weston area, 5 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 91) and received an average PPP loan of $367,100 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Voice Of The Faithful Inc
Charles River Watershed Association
The Potters School
Needham Heights, MA
Needham Community Council
Needham Heights, MA
Industry PPP Comparison Statistics
Nationwide, 9,799 businesses in the "Other Grantmaking and Giving Services" industry received a total of $1.32B 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 15 employees, 84% lower than Meadowbrook School Of Weston, Inc's reported 91 employees, and received an average PPP loan of $134,570, 92% lower than this company's loan of $1.59M.
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Footnotes & Information
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