PPP Loan Data — Union Of Concerned Scientist, Cambridge, MA
Union Of Concerned Scientist
Entity: Sole Proprietorship
Location: Cambridge, MATweet This • Search All PPP Data
Union Of Concerned Scientist is a sole proprietorship located at 2 Brattle Sq in Cambridge, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,380,847.00 in August, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Union Of Concerned Scientist in Cambridge, MA received a Paycheck Protection Loan of $4.38M through Eastern Bank, which was approved in August, 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 July, 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, Union Of Concerned Scientist's 2019 payroll expenses are estimated to be at least $21.03M.
Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $91,031 per employee1
Reported PPP Proceed Usage:
On the PPP application, Union Of Concerned Scientist reported intending to use the proceeds of their PPP loan for the following expenses:
- Mortgage Interest: $4,380,847
Business Information - Union Of Concerned Scientist in Cambridge, MA
2 Brattle Sq
Cambridge, MA 2138
Environment, Conservation and Wildlife Organizations
NAICS code 813312
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cambridge
In the Cambridge area, 5 businesses in the "Environment, Conservation and Wildlife Organizations" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 231) and received an average PPP loan of $915,194 (compared to this company's $4.38M).
Similar Nearby Businesses Who Received PPP Funding:
Better Future Project, Inc
Eco-Logic Development Fund
Industry PPP Comparison Statistics
Nationwide, 3,905 businesses in the "Environment, Conservation and Wildlife Organizations" industry received a total of $506.26M 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 14 employees, 94% lower than Union Of Concerned Scientist's reported 231 employees, and received an average PPP loan of $129,644, 97% lower than this company's loan of $4.38M.
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Footnotes & Information
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