PPP Loan Data — Amistad Academy, Inc., New Haven, CT
Amistad Academy, Inc. is a non-profit organization located at 370 James Street in New Haven, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,782,000.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 211 people during the applicable loan loan period.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Amistad Academy, Inc. received a Paycheck Protection Loan of $2.78M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Amistad Academy, Inc.'s total 2019 payroll expenses were approximately $13.35M in order to qualify for the PPP loan amount received.
Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $63,287 per employee1.
Business Information - Amistad Academy, Inc. in New Haven, CT
370 James Street
New Haven, CT 6513
Civic and Social Organizations (NAICS code 813410)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CT-03
Similar Companies near New Haven
In the New Haven area, 5 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 195 employees (compared to this company's 211) and received an average PPP loan of $2,283,376 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Eco-Urban Pioneers LLC
Achievement First Bridgeport Academy, Inc.
New Haven, CT
Achievement First, Inc.
New Haven, CT
Achievement First Hartford Academy, Inc.
New Haven, CT
Industry PPP Comparison Statistics
Nationwide, 11,463 businesses in the "Civic and Social Organizations" industry received a total of $1,562,132,328.00 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 16 employees, 92% lower than Amistad Academy, Inc.'s reported 211 employees, and received an average PPP loan of $136,276, 95% lower than this company's loan of $2.78M.
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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