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PPP Loan Data — Wayside Youth & Family Support Network, Inc., Framingham, MA

SBA PPP loan data, payroll data, and salaries for Wayside Youth & Family Support Network, Inc.
MA Nonprofit Organization

Wayside Youth & Family Support Network, Inc.

Entity: Non-profit Organization

Industry: Residential Mental Health and Substance Abuse Facilities

Location: Framingham, MA

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Wayside Youth & Family Support Network, Inc. is a non-profit organization located at 1 Frederick Abbott Way in Framingham, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,467,985.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.47M

Jobs Retained:

478

Loan Approved:

2020-04-30

Lender:

MIDDLESEX SAVINGS BANK

Wayside Youth & Family Support Network, Inc. received a Paycheck Protection Loan of $4.47M through MIDDLESEX SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Wayside Youth & Family Support Network, Inc.'s total 2019 payroll expenses were approximately $21.45M in order to qualify for the PPP loan amount received.

Based on their reported 478 jobs retained, this equals an estimated average yearly compensation of $44,867 per employee1.

Because the loan received by Wayside Youth & Family Support Network, Inc. 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 - Wayside Youth & Family Support Network, Inc. in Framingham, MA

Wayside Youth & Family Support Network, Inc.
1 Frederick Abbott Way
Framingham, MA 1701

Business Industry

Residential Mental Health and Substance Abuse Facilities (NAICS code 623220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-05

Industry PPP Comparison Statistics

Nationwide, 2,121 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $773,399,773.00 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 38 employees, 92% lower than Wayside Youth & Family Support Network, Inc.'s reported 478 employees, and received an average PPP loan of $364,639, 92% lower than this company's loan of $4.47M.

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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Source: www.federalpay.org/paycheck-protection-program/wayside-youth-and-family-support-network-inc-framingham-ma