PPP Loan Data — Opusing LLC, Boston, MA
Opusing LLC is a limited liability company (LLC) located at 101 Federal St Suite 1900 in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,870,003.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Opusing LLC in Boston, MA received a Paycheck Protection Loan of $1.87M through TD Bank, National Association, which was approved in May, 2020.
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, Opusing LLC's 2019 payroll expenses are estimated to be at least $8.98M.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $37,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Opusing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,870,003
Business Information - Opusing LLC in Boston, MA
101 Federal St Suite 1900
Boston, MA 2110
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boston
In the Boston area, 13 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 240) and received an average PPP loan of $1,749,110 (compared to this company's $1.87M).
Similar Nearby Businesses Who Received PPP Funding:
Pile And Company, Inc
Creative Financial Staffing Inc
Connors & Associates Inc
Ceres Group LLC
Longford & Company, LLC
Manning Personnel Group Inc
Marchon Partners, LLC
Industry PPP Comparison Statistics
Nationwide, 8,994 businesses in the "Temporary Help Services" industry received a total of $3.65B 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 51 employees, 79% lower than Opusing LLC's reported 240 employees, and received an average PPP loan of $405,841, 78% lower than this company's loan of $1.87M.
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Footnotes & Information
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