PPP Loan Data — Neville Communities Home, Inc, Cambirdge, MA
Neville Communities Home, Inc
Location: Cambirdge, MATweet This • Search All PPP Data
Neville Communities Home, Inc is a corporation located at 640 Concord Avenue in Cambirdge, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,785,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 194 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Rockland Trust Company
Neville Communities Home, Inc in Cambirdge, MA received a Paycheck Protection Loan of $1.79M through Rockland 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 June, 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, Neville Communities Home, Inc's 2019 payroll expenses are estimated to be at least $8.57M.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $44,165 per employee1
Reported PPP Proceed Usage:
On the PPP application, Neville Communities Home, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,785,000
Business Information - Neville Communities Home, Inc in Cambirdge, MA
640 Concord Avenue
Cambirdge, MA 2138
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Startup, Loan Funds will Open Business
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cambirdge
In the Cambirdge area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 148 employees (compared to this company's 194) and received an average PPP loan of $1,384,363 (compared to this company's $1.79M).
Similar Nearby Businesses Who Received PPP Funding:
Crnc Operating LLC
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 69% lower than Neville Communities Home, Inc's reported 194 employees, and received an average PPP loan of $442,944, 75% lower than this company's loan of $1.79M.
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Footnotes & Information
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