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PPP Loan Data — Union Of Concerned Scientist, Cambridge, MA

SBA PPP loan data, payroll data, and salaries for Union Of Concerned Scientist
MA

Union Of Concerned Scientist

Entity: Sole Proprietorship

Industry: Environment, Conservation and Wildlife Organizations

Location: Cambridge, MA

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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 Size:

$4.38M

Jobs Retained:

231

Loan Approved:

2020-08-04

Lender:

EASTERN BANK

Union Of Concerned Scientist received a Paycheck Protection Loan of $4.38M through EASTERN BANK, which was approved in August, 2020.

Based on standard PPP eligibility rules, Union Of Concerned Scientist's total 2019 payroll expenses were approximately $21.03M in order to qualify for the PPP loan amount received.

Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $91,031 per employee1.

Because the loan received by Union Of Concerned Scientist is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Union Of Concerned Scientist in Cambridge, MA

Union Of Concerned Scientist
2 Brattle Sq
Cambridge, MA 2138

Business Industry

Environment, Conservation and Wildlife Organizations (NAICS code 813312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-05

Similar Companies near Cambridge

In the Cambridge area, 3 businesses in the "Environment, Conservation and Wildlife Organizations" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 231) and received an average PPP loan of $1,511,545 (compared to this company's $4.38M).

Industry PPP Comparison Statistics

Nationwide, 2,247 businesses in the "Environment, Conservation and Wildlife Organizations" industry received a total of $316,738,987.00 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, 94% lower than Union Of Concerned Scientist's reported 231 employees, and received an average PPP loan of $140,961, 97% lower than this company's loan of $4.38M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/union-of-concerned-scientist-cambridge-ma