PPP Loan Data — Planet Aid, Milford, MA
Planet Aid is a professional association located at 47 Sumner Street in Milford, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,665,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 240 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MAIN STREET BANK
Planet Aid received a Paycheck Protection Loan of $2.67M through MAIN STREET BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Planet Aid's total 2019 payroll expenses were approximately $12.8M in order to qualify for the PPP loan amount received.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $53,314 per employee1.
Business Information - Planet Aid in Milford, MA
47 Sumner Street
Milford, MA 1757
Emergency and Other Relief Services (NAICS code 624230)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MA-04
Industry PPP Comparison Statistics
Nationwide, 903 businesses in the "Emergency and Other Relief Services" industry received a total of $150,157,406.00 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 Planet Aid's reported 240 employees, and received an average PPP loan of $166,287, 94% lower than this company's loan of $2.67M.
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Footnotes & Information
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