PPP Loan Data — Quarry Hills Associates, LP, Quincy, MA
Quarry Hills Associates, LP is a partnership located at 100 Quarry Hills Drive in Quincy, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,616,112.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Quarry Hills Associates, LP in Quincy, MA received a Paycheck Protection Loan of $1.62M through Eastern Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Quarry Hills Associates, LP's 2019 payroll expenses are estimated to be at least $7.76M.
Based on their reported 169 jobs retained, this equals an estimated average yearly compensation of $45,901 per employee1
Reported PPP Proceed Usage:
On the PPP application, Quarry Hills Associates, LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,616,112
Business Information - Quarry Hills Associates, LP in Quincy, MA
100 Quarry Hills Drive
Quincy, MA 2169
Golf Courses and Country Clubs
NAICS code 713910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Quincy
In the Quincy area, 2 businesses in the "Golf Courses and Country Clubs" industry received a PPP loan. These local businesses reported an average of 145 employees (compared to this company's 169) and received an average PPP loan of $1,616,113 (compared to this company's $1.62M).
Similar Nearby Businesses Who Received PPP Funding:
Quarry Hills Associates
Industry PPP Comparison Statistics
Nationwide, 9,352 businesses in the "Golf Courses and Country Clubs" industry received a total of $1.3B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 28 employees, 83% lower than Quarry Hills Associates, LP's reported 169 employees, and received an average PPP loan of $139,292, 91% lower than this company's loan of $1.62M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!