PPP Loan Data — New Application, N. Quincy, MA
New Application is a corporation located at 500 Victory Road in N. Quincy, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,719,053.00 in April, 2020.
$ PPP Loan Information
Lender:CAMDEN NATIONAL BANK
New Application in N. Quincy, MA received a Paycheck Protection Loan of $3.72M through CAMDEN NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, New Application's total 2019 payroll expenses were approximately $17.85M in order to qualify for the PPP loan amount received.
Based on their reported 324 jobs retained, this equals an estimated average yearly compensation of $55,097 per employee1.
Business Information - New Application in N. Quincy, MA
500 Victory Road
N. Quincy, MA 2171
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-08
Similar Companies near N. Quincy
In the N. Quincy area, 5 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 324) and received an average PPP loan of $878,186 (compared to this company's $3.72M).
Similar Nearby Businesses Who Received PPP Funding:
CHY Realty Management LLC
B & D
Industry PPP Comparison Statistics
Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 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 10 employees, 97% lower than New Application's reported 324 employees, and received an average PPP loan of $114,517, 97% lower than this company's loan of $3.72M.
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Footnotes & Information
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