PPP Loan Data — The Education Alliance, Natick, MA
The Education Alliance is a sole proprietorship located at 209 W Central St in Natick, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $46,470.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Middlesex Savings Bank
The Education Alliance in Natick, MA received a Paycheck Protection Loan of $46,470 through Middlesex Savings Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
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 Education Alliance's 2019 payroll expenses are estimated to be at least $223,056.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,352 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Education Alliance reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $40,000
- Utilities: $1,470
- Rent: $5,000
Business Information - The Education Alliance in Natick, MA
209 W Central St
Natick, MA 1760
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Natick
In the Natick area, 24 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $47,582 (compared to this company's $46,470).
Similar Nearby Businesses Who Received PPP Funding:
The Atwood Group LLC
Centennial Associates LLC
BTI Consulting Group Inc
Akilez Design Consultants, Inc
Crisis Interception Inc
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, 33% higher than The Education Alliance's reported 3 employees, and received an average PPP loan of $44,524, 4% lower than this company's loan of $46,470.
FederalPay's PPP Information Policy
Footnotes & Information
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