Arlington Companies Received $53M In Federal Coronavirus Loans

Alex Newman
·2 min read

ARLINGTON, MA — Companies in Arlington received $53 million in loan approvals under the federal Paycheck Protection Program, according to data released Tuesday by the Small Business Administration.

The loans went to 743 companies and ranged from $649 to $4.5 million. Applicants said the loans would help them protect 4,214 jobs in Arlington.

The data released this week includes all loans under the program passed in March as the coronavirus pandemic took hold and forced widespread business closures and layoffs. SBA released some loan data in July, but that data only showed loans over $150,000 and did not include specific dollar amounts.

The Washington Post, Bloomberg and other media companies sued the SBA to release the full data set. In November, a federal judge ruled in favor of the media companies and ordered the SBA to release the data by Dec. 1. The data released Tuesday was current as of Nov. 24 and includes updates to the data released in July.

PPP loans are part of the CARES Act, a comprehensive COVID-19 relief package Congress passed in the spring. The loans are forgivable as long as a certain percentage is used for payroll. The program stopped taking new applications in August, but business groups are pressuring federal lawmakers and the Trump administration to renew the program.

In Arlington, the top loans went to:

  • American Alarm & Communications Inc., 297 Broadway: $4,565,700.00

  • Armstrong Ambulance Service Inc., 87 Mystic Street: $2,222,593.05

  • Mirak Chevrolet, 1125 Massachusetts Ave: $1,550,000.00

  • Metropolitan Home Health Services Inc., 297 Broadway: $1,252,600.00

  • Structure Consulting Group Inc., 40 Brattle Street: $1,040,982.00

  • Medford Visting Nursing Association, 37 Broadway: $941,200.00

  • Sunbug Solar, LLC, 1165 Massachusetts Ave: $910,337.00

  • Arlington Catholic High School, 16 Medford Street: $877,500.00

  • Ellenhorn LLC, 339 Massachusetts Ave: $868,000.00

  • Column Health LLC, 339 Massachusetts Ave: $858,306.07

Statewide, there were nearly 118,000 loans totaling $14.27 billion. In their loan applications, the companies that received the loans said they would help protect 1.17 million jobs in Massachusetts.

This article originally appeared on the Arlington Patch