PPP Loan Data — Samuels & Associates Management LLC, Boston, MA
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 Status:Ongoing Loan
Lender:Webster Bank, National Association
Samuels & Associates Management LLC in Boston, MA received a Paycheck Protection Loan of $2.67M through Webster 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, Samuels & Associates Management LLC's 2019 payroll expenses are estimated to be at least $12.8M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $98,494 per employee1
Reported PPP Proceed Usage:
On the PPP application, Samuels & Associates Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,667,540
Business Information - Samuels & Associates Management LLC in Boston, MA
136 Brookline Ave
Boston, MA 2215
Offices of Real Estate Agents and Brokers
NAICS code 531210
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, 21 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 130) and received an average PPP loan of $173,895 (compared to this company's $2.67M).
Similar Nearby Businesses Who Received PPP Funding:
Bay Realty Group Associates Inc
City Central Realty LLC
Ronco Realty LLC
Hooli Homes Boston Inc
Delphi Properties LLC
Industry PPP Comparison Statistics
Nationwide, 203,707 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.01B 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 $24,609, 99% lower than this company's loan of $2.67M.
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Footnotes & Information
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