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PPP Loan Data — The Footbridge Companies, LLC,
Andover, MA
The Footbridge Companies, LLC
Entity: Limited Liability Company (LLC)
Industry: Employment Placement Agencies
Location: Andover, MA
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The Footbridge Companies, LLC is a limited liability company (LLC) located at 200 Brickstone Sq, Suite 405 in Andover, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,977,900.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-08Lender:
ENTERPRISE BANK AND TRUST COMPANYThe Footbridge Companies, LLC received a Paycheck Protection Loan of $2.98M through ENTERPRISE BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Footbridge Companies, LLC's total 2019 payroll expenses were approximately $14.29M in order to qualify for the PPP loan amount received.
Unlike most businesses, The Footbridge Companies, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - The Footbridge Companies, LLC in Andover, MA
200 Brickstone Sq, Suite 405
Andover, MA 1810
Business Industry
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-03Similar Companies near Andover
In the Andover area, 4 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $2,632,755 (compared to this company's $2.98M).
Similar Nearby Businesses Who Received PPP Funding:
The Staffing Group Holding Company
Andover, MA
Headfirst Legal, LLC
Andover, MA
Advanced Placement Sports, Inc.
Andover, MA
Industry PPP Comparison Statistics
Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, and received an average PPP loan of $363,100, 88% lower than this company's loan of $2.98M.
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.
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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