PPP Loan Data — Peloton Group, LLC, Boston, MA
Peloton Group, LLC
Entity: Limited Liability Company (LLC)
Location: Boston, MATweet This • Search All PPP Data
Peloton Group, LLC is a limited liability company (LLC) located at 99 Summer Street, Suite 1500 in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,011,569.00 in April, 2020.
$ PPP Loan Information
Lender:ROCKLAND TRUST COMPANY
Peloton Group, LLC received a Paycheck Protection Loan of $4.01M through ROCKLAND TRUST COMPANY, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 190 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 193.
Based on standard PPP eligibility rules, Peloton Group, LLC's total 2019 payroll expenses were approximately $19.26M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 190 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Peloton Group, LLC in Boston, MA
99 Summer Street, Suite 1500
Boston, MA 2110
Administrative Management and General Management Consulting Services (NAICS code 541611)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-07
Similar Companies near Boston
In the Boston area, 29 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 190) and received an average PPP loan of $638,480 (compared to this company's $4.01M).
Similar Nearby Businesses Who Received PPP Funding:
Panos Group LTD
Third Sector New England Inc
Woodstock Services Company LLC
C J Consulting, Inc.
Bonifacio Consulting Services, LLC
DE Burlo Group Inc, The
Trudeau & Trudeau Associates Inc
Industry PPP Comparison Statistics
Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 97% lower than Peloton Group, LLC's reported 190 employees, and received an average PPP loan of $86,242, 98% lower than this company's loan of $4.01M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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