PPP Loan Data — Shepley Bulfinch Richardson And Abbott Incorporated, Boston, MA
Shepley Bulfinch Richardson And Abbott Incorporated is a subchapter s corporation located at 2 Seaport Lane in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,066,614.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 195 people during the applicable loan loan period.
$ PPP Loan Information
Lender:WEBSTER BANK, NATIONAL ASSOCIATION
Shepley Bulfinch Richardson And Abbott Incorporated in Boston, MA received a Paycheck Protection Loan of $4.07M through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 195 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 195.
Based on standard PPP eligibility rules, Shepley Bulfinch Richardson And Abbott Incorporated's total 2019 payroll expenses were approximately $19.52M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 195 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Shepley Bulfinch Richardson And Abbott Incorporated in Boston, MA
2 Seaport Lane
Boston, MA 02210
Architectural Services (NAICS code 541310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: MA-08
Similar Companies near Boston
In the Boston area, 17 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 195) and received an average PPP loan of $1,160,095 (compared to this company's $4.07M).
Similar Nearby Businesses Who Received PPP Funding:
Studio Troika Incorporated
Bargmann Hendrie + Archetype, Inc.
Merge Architects, Inc.
Payette Associates Inc
Bermeyer Associates Inc
J Mecca Design
Ecomodern Architecture LLC
Designlab Architects Inc.
Industry PPP Comparison Statistics
Nationwide, 17,027 businesses in the "Architectural Services" industry received a total of $2,549,800,767.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 96% lower than Shepley Bulfinch Richardson And Abbott Incorporated's reported 195 employees, and received an average PPP loan of $149,750, 96% lower than this company's loan of $4.07M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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