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

PPP Loan Data — Shopadvisor Inc, Burlington, MA

ALERT: There are 2 PPP loans for a total of $213,822 in our database for businesses with the name "Shopadvisor Inc" in Burlington, MA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Shopadvisor Inc
MA

Shopadvisor Inc

Entity: Corporation

Industry: Other Services Related to Advertising

Location: Burlington, MA

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Shopadvisor Inc is a corporation located at 67 S Bedford St Ste 400w in Burlington, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $104,740.00 in February, 2021.

$ PPP Loan Information
Loan #2441048410

Loan Size:

$104,740

Jobs Retained:

7

Loan Approved:

2021-02-03

Loan Status:

Ongoing Loan

Lender:

Customers Bank

Shopadvisor Inc in Burlington, MA received a Paycheck Protection Loan of $104,740 through Customers Bank, which was approved in February, 2021.

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. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Shopadvisor Inc's 2019 payroll expenses are estimated to be at least $502,752.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $71,822 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $104,740

Business Information - Shopadvisor Inc in Burlington, MA

Shopadvisor Inc
67 S Bedford St Ste 400w
Burlington, MA 1803

Business Industry:
Other Services Related to Advertising
NAICS code 541890

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Middlesex County, MA — SBA Office 0101 — Congressional District: MA-06

Similar Companies near Burlington

In the Burlington area, 3 businesses in the "Other Services Related to Advertising" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $59,903 (compared to this company's $104,740).

Similar Nearby Businesses Who Received PPP Funding:

Adcuratio Media Inc
Burlington, MA

$35,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 11,931 businesses in the "Other Services Related to Advertising" industry received a total of $685.46M 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 5 employees, 29% lower than Shopadvisor Inc's reported 7 employees, and received an average PPP loan of $57,452, 45% lower than this company's loan of $104,740.

SBA PPP loan data, payroll data, and salaries for Shopadvisor Inc
MA

Shopadvisor Inc

Entity: Corporation

Industry: Custom Computer Programming Services

Location: Burlington, MA

Search All PPP Data

Shopadvisor Inc is a corporation located at 67 S Bedford St Suite 400w in Burlington, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $109,082.00 in May, 2020.

$ PPP Loan Information
Loan #9144717703

Loan Size:

$109,082

Jobs Retained:

7

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Customers Bank

Shopadvisor Inc in Burlington, MA received a Paycheck Protection Loan of $109,082 through Customers Bank, which was approved in May, 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. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Shopadvisor Inc's 2019 payroll expenses are estimated to be at least $523,594.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $74,799 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $109,082

Business Information - Shopadvisor Inc in Burlington, MA

Shopadvisor Inc
67 S Bedford St Suite 400w
Burlington, MA 1803

Business Industry:
Custom Computer Programming Services
NAICS code 541511

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Middlesex County, MA — SBA Office 0101 — Congressional District: MA-06

Similar Companies near Burlington

In the Burlington area, 25 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 7) and received an average PPP loan of $459,537 (compared to this company's $109,082).

Industry PPP Comparison Statistics

Nationwide, 42,875 businesses in the "Custom Computer Programming Services" industry received a total of $6.65B 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 10 employees, 43% higher than Shopadvisor Inc's reported 7 employees, and received an average PPP loan of $155,111, 42% higher than this company's loan of $109,082.

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.

Search FederalPay's Full PPP Loan Database

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/shopadvisor-inc-burlington-ma