PPP Loan Data — Riverview School, Inc, East Sandwich, MA
Riverview School, Inc is a non-profit organization located at 551 Route 6a in East Sandwich, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,596,625.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Rockland Trust Company
Riverview School, Inc in East Sandwich, MA received a Paycheck Protection Loan of $2.6M through Rockland Trust Company, 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, Riverview School, Inc's 2019 payroll expenses are estimated to be at least $12.46M.
Based on their reported 243 jobs retained, this equals an estimated average yearly compensation of $51,291 per employee1
Reported PPP Proceed Usage:
On the PPP application, Riverview School, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,596,625
Business Information - Riverview School, Inc in East Sandwich, MA
551 Route 6a
East Sandwich, MA 2537
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near East Sandwich
In the East Sandwich area, 2 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 243) and received an average PPP loan of $1,298,889 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Donald L Ferris
East Sandwich, MA
Industry PPP Comparison Statistics
Nationwide, 21,362 businesses in the "Elementary and Secondary Schools" industry received a total of $7.15B 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 39 employees, 84% lower than Riverview School, Inc's reported 243 employees, and received an average PPP loan of $334,870, 87% lower than this company's loan of $2.6M.
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Footnotes & Information
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