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PPP Loan Data — R G Vanderweil Engineers, LLP, Boston, MA

SBA PPP loan data, payroll data, and salaries for R G Vanderweil Engineers, LLP
MA

R G Vanderweil Engineers, LLP

Entity: Partnership

Industry: Engineering Services

Location: Boston, MA

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R G Vanderweil Engineers, LLP is a partnership located at 274 Summer St in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $7,635,757.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.64M

Jobs Retained:

431

Loan Approved:

2020-04-09

Lender:

CAMBRIDGE SAVINGS BANK

R G Vanderweil Engineers, LLP in Boston, MA received a Paycheck Protection Loan of $7.64M through CAMBRIDGE SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, R G Vanderweil Engineers, LLP's total 2019 payroll expenses were approximately $36.65M in order to qualify for the PPP loan amount received.

Based on their reported 431 jobs retained, this equals an estimated average yearly compensation of $85,039 per employee1.

Because the loan received by R G Vanderweil Engineers, LLP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - R G Vanderweil Engineers, LLP in Boston, MA

R G Vanderweil Engineers, LLP
274 Summer St
Boston, MA 02210

Business Industry

Engineering Services (NAICS code 541330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-08

Similar Companies near Boston

In the Boston area, 7 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 431) and received an average PPP loan of $1,760,210 (compared to this company's $7.64M).

Industry PPP Comparison Statistics

Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 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 14 employees, 97% lower than R G Vanderweil Engineers, LLP's reported 431 employees, and received an average PPP loan of $249,856, 97% lower than this company's loan of $7.64M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/r-g-vanderweil-engineers-llp-boston-ma