PPP Loan Data — R G Vanderweil Engineers, LLP, Boston, MA
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
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.
Business Information - R G Vanderweil Engineers, LLP in Boston, MA
274 Summer St
Boston, MA 02210
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Steam Management, Inc
Commercial Construction Consulting Inc
Hayes & O'Neill LLC
Marine Systems Corporation
Square Robot Company LLC
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.
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Footnotes & Information
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