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PPP Loan Data — ASA College, Inc.,
Brooklyn, NY
ASA College, Inc.
Entity: Corporation
Industry: Colleges, Universities, and Professional Schools
Location: Brooklyn, NY
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ASA College, Inc. is a corporation located at 151 Lawrence Street in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $5,624,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
415Loan Approved:
2020-04-06Lender:
CITY NATIONAL BANK OF FLORIDAASA College, Inc. received a Paycheck Protection Loan of $5.62M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.
Based on standard PPP eligibility rules, ASA College, Inc.'s total 2019 payroll expenses were approximately $27M in order to qualify for the PPP loan amount received.
Based on their reported 415 jobs retained, this equals an estimated average yearly compensation of $65,049 per employee1.
Business Information - ASA College, Inc. in Brooklyn, NY
151 Lawrence Street
Brooklyn, NY 11201
Business Industry
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-08Similar Companies near Brooklyn
In the Brooklyn area, 3 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 296 employees (compared to this company's 415) and received an average PPP loan of $3,735,577 (compared to this company's $5.62M).
Similar Nearby Businesses Who Received PPP Funding:
St. Francis College
Brooklyn, NY
Access Training Inc
Brooklyn, NY
Industry PPP Comparison Statistics
Nationwide, 2,077 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $1,723,864,433.00 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 86 employees, 79% lower than ASA College, Inc.'s reported 415 employees, and received an average PPP loan of $829,978, 85% lower than this company's loan of $5.62M.
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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