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PPP Loan Data — ORA Inc, Andover, MA

SBA PPP loan data, payroll data, and salaries for ORA Inc


Entity: Subchapter S Corporation

Industry: Research and Development in Biotechnology (except Nanobiotechnology)

Location: Andover, MA

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ORA Inc is a subchapter s corporation located at 300 Brickstone Sq Ste 1005 in Andover, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,393,390.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




ORA Inc in Andover, MA received a Paycheck Protection Loan of $3.39M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, ORA Inc's total 2019 payroll expenses were approximately $16.29M in order to qualify for the PPP loan amount received.

Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $74,038 per employee1.

Because the loan received by ORA Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - ORA Inc in Andover, MA

300 Brickstone Sq Ste 1005
Andover, MA 01810

Business Industry

Research and Development in Biotechnology (except Nanobiotechnology) (NAICS code 541714)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-03

Similar Companies near Andover

In the Andover area, 2 businesses in the "Research and Development in Biotechnology (except Nanobiotechnology)" industry received a PPP loan. These local businesses reported an average of 112 employees (compared to this company's 220) and received an average PPP loan of $1,703,205 (compared to this company's $3.39M).

Similar Nearby Businesses Who Received PPP Funding:

Pacesetter Clinical Research Group, Inc.
Andover, MA

$13,020 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,965 businesses in the "Research and Development in Biotechnology (except Nanobiotechnology)" industry received a total of $407,385,879.00 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 11 employees, 95% lower than ORA Inc's reported 220 employees, and received an average PPP loan of $207,321, 94% lower than this company's loan of $3.39M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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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** This Document Provided By - The Civil Employee's Resource **