PPP Loan Data — Archway Charter School Of Chester, Inc., Chester, PA
Archway Charter School Of Chester, Inc. is a corporation located at 214 E. 5th Street in Chester, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $5,286,140.00 in April, 2020.
$ PPP Loan Information
Lender:FULTON BANK, NATIONAL ASSOCIATION
Archway Charter School Of Chester, Inc. received a Paycheck Protection Loan of $5.29M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Archway Charter School Of Chester, Inc.'s total 2019 payroll expenses were approximately $25.37M in order to qualify for the PPP loan amount received.
Based on their reported 479 jobs retained, this equals an estimated average yearly compensation of $52,972 per employee1.
Business Information - Archway Charter School Of Chester, Inc. in Chester, PA
214 E. 5th Street
Chester, PA 19013
All Other Miscellaneous Schools and Instruction (NAICS code 611699)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-05
Similar Companies near Chester
In the Chester area, 4 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 125 employees (compared to this company's 479) and received an average PPP loan of $1,368,437 (compared to this company's $5.29M).
Similar Nearby Businesses Who Received PPP Funding:
The Children's Club House, LLC
21 West Incorporated
Industry PPP Comparison Statistics
Nationwide, 14,482 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $986,137,091.00 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 9 employees, 98% lower than Archway Charter School Of Chester, Inc.'s reported 479 employees, and received an average PPP loan of $68,094, 99% lower than this company's loan of $5.29M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!