PPP Loan Data — Peabody Essex Museum, Inc., Salem, MA
Peabody Essex Museum, Inc. is a non-profit organization located at 161 Essex St in Salem, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,507,000.00 in April, 2020.
$ PPP Loan Information
Lender:SALEM FIVE CENTS SAVINGS BANK
Peabody Essex Museum, Inc. in Salem, MA received a Paycheck Protection Loan of $2.51M through SALEM FIVE CENTS SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Peabody Essex Museum, Inc.'s total 2019 payroll expenses were approximately $12.03M in order to qualify for the PPP loan amount received.
Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $54,451 per employee1.
Business Information - Peabody Essex Museum, Inc. in Salem, MA
161 Essex St
Salem, MA 01970
Museums (NAICS code 712110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-06
Similar Companies near Salem
In the Salem area, 6 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 221) and received an average PPP loan of $507,459 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
New England Pirate Museum Inc
Witch Dungeon Museum Inc.
Witch History Museum Inc.
Salem Wax Museum Inc
BPM Productions, Inc.
Industry PPP Comparison Statistics
Nationwide, 4,135 businesses in the "Museums" industry received a total of $670,583,040.00 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 16 employees, 93% lower than Peabody Essex Museum, Inc.'s reported 221 employees, and received an average PPP loan of $162,172, 94% lower than this company's loan of $2.51M.
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