PPP Loan Data — Quality Matrix, Westborough, MA
Quality Matrix is a sole proprietorship located at 8 Lyman St #210 in Westborough, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,437,596.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
Quality Matrix in Westborough, MA received a Paycheck Protection Loan of $2.44M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Quality Matrix's total 2019 payroll expenses were approximately $11.7M in order to qualify for the PPP loan amount received.
Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $97,504 per employee1.
Business Information - Quality Matrix in Westborough, MA
8 Lyman St #210
Westborough, MA 1581
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-02
Similar Companies near Westborough
In the Westborough area, 15 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 120) and received an average PPP loan of $513,769 (compared to this company's $2.44M).
Similar Nearby Businesses Who Received PPP Funding:
Transitional Data Services, Inc.
Soft Labsna Inc
Maxview Solutions Inc
Corporate Value Metrics, LLC
Boston Logix Inc.
Q C Metrix Inc
Adroit Software Inc.
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 91% lower than Quality Matrix's reported 120 employees, and received an average PPP loan of $200,633, 92% lower than this company's loan of $2.44M.
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