PPP Loan Data — The Edinbrug Center, Inc, Bedford, MA
The Edinbrug Center, Inc
Entity: Non-profit Organization
Location: Bedford, MATweet This • Search All PPP Data
The Edinbrug Center, Inc is a non-profit organization located at 205 Burlington Rd in Bedford, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,647,600.00 in April, 2020.
The company has reported itself as a female owned non-profit, and employed at least 200 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:People's United Bank, National Association
The Edinbrug Center, Inc in Bedford, MA received a Paycheck Protection Loan of $2.65M through People's United 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, The Edinbrug Center, Inc's 2019 payroll expenses are estimated to be at least $12.71M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $63,542 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Edinbrug Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,647,600
Business Information - The Edinbrug Center, Inc in Bedford, MA
205 Burlington Rd
Bedford, MA 1730
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 13,270 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B 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 27 employees, 87% lower than The Edinbrug Center, Inc's reported 200 employees, and received an average PPP loan of $160,784, 94% lower than this company's loan of $2.65M.
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