PPP Loan Data — Northeast Security, Inc, Westwood, MA
Northeast Security, Inc is a subchapter s corporation located at 265 Washington St in Westwood, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
Northeast Security, Inc in Westwood, MA received a Paycheck Protection Loan of $10M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Northeast Security, Inc's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Northeast Security, Inc in Westwood, MA
265 Washington St
Westwood, MA 02090
Security Guards and Patrol Services (NAICS code 561612)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-08
Industry PPP Comparison Statistics
Nationwide, 4,165 businesses in the "Security Guards and Patrol Services" industry received a total of $1,003,129,142.00 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 36 employees, 93% lower than Northeast Security, Inc's reported 500 employees, and received an average PPP loan of $240,847, 98% lower than this company's loan of $10M.
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Footnotes & Information
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