PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Samuels & Associates Management LLC, Boston, MA

SBA PPP loan data, payroll data, and salaries for Samuels & Associates Management LLC
MA

Samuels & Associates Management LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Real Estate Agents and Brokers

Location: Boston, MA

Search All PPP Data

Samuels & Associates Management LLC is a limited liability company (LLC) located at 136 Brookline Ave in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,667,540.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.67M

Jobs Retained:

130

Loan Approved:

2020-04-15

Lender:

WEBSTER BANK, NATIONAL ASSOCIATION

Samuels & Associates Management LLC received a Paycheck Protection Loan of $2.67M through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Samuels & Associates Management LLC's total 2019 payroll expenses were approximately $12.8M in order to qualify for the PPP loan amount received.

Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $98,494 per employee1.

Because the loan received by Samuels & Associates Management LLC 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 - Samuels & Associates Management LLC in Boston, MA

Samuels & Associates Management LLC
136 Brookline Ave
Boston, MA 2215

Business Industry

Offices of Real Estate Agents and Brokers (NAICS code 531210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-07

Similar Companies near Boston

In the Boston area, 13 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 130) and received an average PPP loan of $258,525 (compared to this company's $2.67M).

Industry PPP Comparison Statistics

Nationwide, 123,031 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $3,483,797,893.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 98% lower than Samuels & Associates Management LLC's reported 130 employees, and received an average PPP loan of $28,316, 99% lower than this company's loan of $2.67M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/samuels-and-associates-management-llc-boston-ma