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PPP Loan Data — Mwpc Educational Fund In, Boston, MA

SBA PPP loan data, payroll data, and salaries for Mwpc Educational Fund In
MA Nonprofit Organization

Mwpc Educational Fund In

Entity: Non-profit Organization

Industry: All Other Miscellaneous Schools and Instruction

Location: Boston, MA

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Mwpc Educational Fund In is a non-profit organization located in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $13,732.00 in March, 2021.

$ PPP Loan Information
Loan #8373628510

Loan Size:

$13,732

Jobs Retained:

1

Loan Approved:

2021-03-09

Loan Status:

Paid in Full or Forgiven

Lender:

Eastern Bank

Mwpc Educational Fund In in Boston, MA received a Paycheck Protection Loan of $13,732 through Eastern Bank, which was approved in March, 2021.

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 October, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Mwpc Educational Fund In reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,731

Business Information - Mwpc Educational Fund In in Boston, MA

Mwpc Educational Fund In
Boston, MA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Miscellaneous Schools and Instruction
NAICS code 611699

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Suffolk County, MA — SBA Office 0101 — Congressional District: MA-07

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Mwpc Educational Fund In.

Adaptive Sports New Engl
Other Grantmaking and Giving Services

$9,645 PPP Loan

Young Audiences Of Mass
Civic and Social Organizations

$61,793 PPP Loan

Similar Companies near Boston

In the Boston area, 10 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 1) and received an average PPP loan of $603,047 (compared to this company's $13,732).

Industry PPP Comparison Statistics

Nationwide, 28,106 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $1.51B 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 9 employees, 800% higher than Mwpc Educational Fund In's reported 1 employees, and received an average PPP loan of $53,850, 292% higher than this company's loan of $13,732.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/mwpc-educational-fund-in-boston-ma