PPP Loan Data — Ateret Torah Center, Brooklyn, NY
Ateret Torah Center is a non-profit organization located at 901 Quentin Road in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,770,698.00 in April, 2020.
$ PPP Loan Information
Lender:THE BANK OF PRINCETON
Ateret Torah Center received a Paycheck Protection Loan of $2.77M through THE BANK OF PRINCETON, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ateret Torah Center's total 2019 payroll expenses were approximately $13.3M in order to qualify for the PPP loan amount received.
Based on their reported 386 jobs retained, this equals an estimated average yearly compensation of $34,454 per employee1.
Business Information - Ateret Torah Center in Brooklyn, NY
901 Quentin Road
Brooklyn, NY 11223
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-11
Similar Companies near Brooklyn
In the Brooklyn area, 18 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 386) and received an average PPP loan of $940,664 (compared to this company's $2.77M).
Similar Nearby Businesses Who Received PPP Funding:
Gesher Yehuda, Inc.
Ezra S Shain LLC
Yeshivat Darche Eres, Inc.
Torah Academy High School Of Brooklyn
Mirrer Yeshiva Educational Institute
Nyfa Group Inc
Magen David Yeshivah
Northside Charter High School
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, 90% lower than Ateret Torah Center's reported 386 employees, and received an average PPP loan of $379,166, 86% lower than this company's loan of $2.77M.
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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