PPP Loan Data — Moors & Cabot, Inc, Boston, MA
Moors & Cabot, Inc is a corporation located at 1 Federal Street, 19th Floor in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,739,456.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:THE NORTHERN TRUST COMPANY
Moors & Cabot, Inc in Boston, MA received a Paycheck Protection Loan of $2.74M through THE NORTHERN TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Moors & Cabot, Inc's total 2019 payroll expenses were approximately $13.15M in order to qualify for the PPP loan amount received.
Unlike most businesses, Moors & Cabot, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Moors & Cabot, Inc in Boston, MA
1 Federal Street, 19th Floor
Boston, MA 02109
Investment Advice (NAICS code 523930)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-08
Similar Companies near Boston
In the Boston area, 23 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 0) and received an average PPP loan of $193,218 (compared to this company's $2.74M).
Similar Nearby Businesses Who Received PPP Funding:
D&P Management LLC
William T Fulton
Compass Planning Associates Inc
Corning Capital Corporation
Capital Link, Inc.
James Pettorelli DBA
Industry PPP Comparison Statistics
Nationwide, 23,666 businesses in the "Investment Advice" industry received a total of $1,215,210,168.00 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 3 employees, and received an average PPP loan of $51,348, 98% lower than this company's loan of $2.74M.
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Footnotes & Information
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