PPP Loan Data — The Portland Group, Inc., Framingham, MA
The Portland Group, Inc.
Entity: Subchapter S Corporation
Location: Framingham, MATweet This • Search All PPP Data
The Portland Group, Inc. is a subchapter s corporation located at 390 Franklin St in Framingham, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,125,000.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
The Portland Group, Inc. in Framingham, MA received a Paycheck Protection Loan of $3.13M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Portland Group, Inc.'s total 2019 payroll expenses were approximately $15M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1.
Business Information - The Portland Group, Inc. in Framingham, MA
390 Franklin St
Framingham, MA 1702
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-05
Similar Companies near Framingham
In the Framingham area, 2 businesses in the "Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 128 employees (compared to this company's 250) and received an average PPP loan of $1,606,272 (compared to this company's $3.13M).
Similar Nearby Businesses Who Received PPP Funding:
Electronic Components, Inc
Industry PPP Comparison Statistics
Nationwide, 1,375 businesses in the "Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers" industry received a total of $231,529,764.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 95% lower than The Portland Group, Inc.'s reported 250 employees, and received an average PPP loan of $168,385, 95% lower than this company's loan of $3.13M.
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