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PPP Loan Data — Academy Of The New Church,
Bryn Athyn, PA
Academy Of The New Church
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Bryn Athyn, PA
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Academy Of The New Church is a non-profit organization located at 801 Tomlinson Rd in Bryn Athyn, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,749,875.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
484Loan Approved:
2020-04-10Lender:
TD BANK, NATIONAL ASSOCIATIONAcademy Of The New Church received a Paycheck Protection Loan of $2.75M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Academy Of The New Church's total 2019 payroll expenses were approximately $13.2M in order to qualify for the PPP loan amount received.
Based on their reported 484 jobs retained, this equals an estimated average yearly compensation of $27,271 per employee1.
Business Information - Academy Of The New Church in Bryn Athyn, PA
801 Tomlinson Rd
Bryn Athyn, PA 19009
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-04Similar Companies near Bryn Athyn
In the Bryn Athyn area, 2 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 278 employees (compared to this company's 484) and received an average PPP loan of $1,566,492 (compared to this company's $2.75M).
Similar Nearby Businesses Who Received PPP Funding:
St Pius X Catholic Church School
Broomall, PA
Industry PPP Comparison Statistics
Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 92% lower than Academy Of The New Church's reported 484 employees, and received an average PPP loan of $379,166, 86% lower than this company's loan of $2.75M.
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.
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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