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PPP Loan Data — The Dolben Company, Inc.,
Woburn, MA
The Dolben Company, Inc.
Entity: Subchapter S Corporation
Industry: Offices of Real Estate Agents and Brokers
Location: Woburn, MA
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The Dolben Company, Inc. is a subchapter s corporation located at 150 Presidential Way in Woburn, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $5,570,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
430Loan Approved:
2020-04-11Lender:
KEYBANK NATIONAL ASSOCIATIONThe Dolben Company, Inc. in Woburn, MA received a Paycheck Protection Loan of $5.57M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Dolben Company, Inc.'s total 2019 payroll expenses were approximately $26.74M in order to qualify for the PPP loan amount received.
Based on their reported 430 jobs retained, this equals an estimated average yearly compensation of $62,177 per employee1.
Business Information - The Dolben Company, Inc. in Woburn, MA
150 Presidential Way
Woburn, MA 1801
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-05Similar Companies near Woburn
In the Woburn area, 17 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 430) and received an average PPP loan of $348,453 (compared to this company's $5.57M).
Similar Nearby Businesses Who Received PPP Funding:
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Gerard O'Connell
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J. Mulkerin, Inc.
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Gold Street 2018 Merrimack Realty LLC
Woburn, MA
Action Realty Associates
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Robert Doherty
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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, 100% lower than The Dolben Company, Inc.'s reported 430 employees, and received an average PPP loan of $28,316, 99% lower than this company's loan of $5.57M.
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, and is published unmodified, as provided by the SBA.
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.
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