PPP Loan Data — ORA Inc, Andover, MA
Entity: Subchapter S Corporation
Location: Andover, MATweet This • Search All PPP Data
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
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
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.
Business Information - ORA Inc in Andover, MA
300 Brickstone Sq Ste 1005
Andover, MA 01810
Research and Development in Biotechnology (except Nanobiotechnology) (NAICS code 541714)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!