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PPP Loan Data — Atlantis Educational Foundation Inc, Fall River, MA

SBA PPP loan data, payroll data, and salaries for Atlantis Educational Foundation Inc
MA Nonprofit Organization

Atlantis Educational Foundation Inc

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Fall River, MA

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Atlantis Educational Foundation Inc is a non-profit organization located at 37 Park St in Fall River, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $16,790.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$16,790

Jobs Retained:

1

Loan Approved:

2020-04-14

Lender:

THE WASHINGTON TRUST COMPANY OF WESTERLY

Atlantis Educational Foundation Inc received a Paycheck Protection Loan of $16,790 through THE WASHINGTON TRUST COMPANY OF WESTERLY, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Atlantis Educational Foundation Inc's total 2019 payroll expenses were approximately $80,592 in order to qualify for the PPP loan amount received.

Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $80,592 per employee1.

Business Information - Atlantis Educational Foundation Inc in Fall River, MA

Atlantis Educational Foundation Inc
37 Park St
Fall River, MA 2721

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-09

Similar Companies near Fall River

In the Fall River area, 6 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 1) and received an average PPP loan of $798,635 (compared to this company's $16,790).

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, 3700% higher than Atlantis Educational Foundation Inc's reported 1 employees, and received an average PPP loan of $379,166, 2158% higher than this company's loan of $16,790.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/atlantis-educational-foundation-inc-fall-river-ma