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PPP Loan Data — Sakil Chundydyal, Cambridge, MA

SBA PPP loan data, payroll data, and salaries for Sakil Chundydyal
MA

Sakil Chundydyal

Entity: Independent Contractor

Industry: Offices of Physicians, Mental Health Specialists

Location: Cambridge, MA

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Sakil Chundydyal is an independent contractor located in Cambridge, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in July, 2020.

$ PPP Loan Information
Loan #4132648103

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2020-07-15

Loan Status:

Ongoing Loan

Lender:

Kabbage, Inc.

Sakil Chundydyal in Cambridge, MA received a Paycheck Protection Loan of $20,833 through Kabbage, Inc., which was approved in July, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Sakil Chundydyal reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,833

Business Information - Sakil Chundydyal in Cambridge, MA

Sakil Chundydyal
Cambridge, MA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Physicians, Mental Health Specialists
NAICS code 621112

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Middlesex County, MA — SBA Office 0101 — Congressional District: MA-07

Similar Companies near Cambridge

In the Cambridge area, 4 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $16,537 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 20,839 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1.68B 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 8 employees, 700% higher than Sakil Chundydyal's reported 1 employees, and received an average PPP loan of $80,585, 287% higher than this company's loan of $20,833.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sakil-chundydyal-cambridge-ma