PPP Loan Data — Moca Systems Inc, Boston, MA
Moca Systems Inc is a corporation located at 50 Congress St Suite 630 in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,813,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Boston Private Bank & Trust Company
Moca Systems Inc in Boston, MA received a Paycheck Protection Loan of $1.81M through Boston Private Bank & Trust Company, which was approved in April, 2020.
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, Moca Systems Inc's 2019 payroll expenses are estimated to be at least $8.71M.
Based on their reported 103 jobs retained, this equals an estimated average yearly compensation of $84,531 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moca Systems Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,813,900
Business Information - Moca Systems Inc in Boston, MA
50 Congress St Suite 630
Boston, MA 2109
NAICS code 541330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boston
In the Boston area, 14 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 103) and received an average PPP loan of $411,496 (compared to this company's $1.81M).
Similar Nearby Businesses Who Received PPP Funding:
C2 Engineering LLC
Frank Mcguire Architects, Inc
Nitsch Engineering Inc
Hresko Associates, Inc
Rachel Moran Engineering, Inc
Imagine Optic Inc
Pioneer Consulting Holdings LLC
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 87% lower than Moca Systems Inc's reported 103 employees, and received an average PPP loan of $194,873, 89% lower than this company's loan of $1.81M.
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Footnotes & Information
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