PPP Loan Data — Robert F. Kennedy Children's Action Corps, Inc, Boston, MA
Robert F. Kennedy Children's Action Corps, Inc is a non-profit organization located at 40 Court Street Suite 410 in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,373,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
Robert F. Kennedy Children's Action Corps, Inc in Boston, MA received a Paycheck Protection Loan of $2.37M through Citizens Bank, National Association, 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, Robert F. Kennedy Children's Action Corps, Inc's 2019 payroll expenses are estimated to be at least $11.39M.
Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $49,740 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert F. Kennedy Children's Action Corps, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,373,000
Business Information - Robert F. Kennedy Children's Action Corps, Inc in Boston, MA
40 Court Street Suite 410
Boston, MA 2108
Child and Youth Services
NAICS code 624110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boston
In the Boston area, 9 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 229) and received an average PPP loan of $324,004 (compared to this company's $2.37M).
Similar Nearby Businesses Who Received PPP Funding:
Massachusetts Citizens For Children - DBA Masskids
Emerge Massachusetts, Inc
Massachusetts Project 351 Inc. Project 351
Commonwealth Child Care Corporation
Massachusetts Citizens For Children
Massachusetts Project 351, Inc
Industry PPP Comparison Statistics
Nationwide, 14,718 businesses in the "Child and Youth Services" industry received a total of $1.94B 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 18 employees, 92% lower than Robert F. Kennedy Children's Action Corps, Inc's reported 229 employees, and received an average PPP loan of $132,042, 94% lower than this company's loan of $2.37M.
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Footnotes & Information
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