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PPP Loan Data — Austin Achieve Public Schools, Austin, TX

SBA PPP loan data, payroll data, and salaries for Austin Achieve Public Schools
TX

Austin Achieve Public Schools

Entity: Corporation

Industry: Elementary and Secondary Schools

Location: Austin, TX

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Austin Achieve Public Schools is a corporation located at 5908 Manor Rd in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $2,480,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.48M

Jobs Retained:

261

Loan Approved:

2020-04-07

Lender:

HORIZON BANK, SSB

Austin Achieve Public Schools in Austin, TX received a Paycheck Protection Loan of $2.48M through HORIZON BANK, SSB, which was approved in April, 2020.

Based on standard PPP eligibility rules, Austin Achieve Public Schools' total 2019 payroll expenses were approximately $11.9M in order to qualify for the PPP loan amount received.

Based on their reported 261 jobs retained, this equals an estimated average yearly compensation of $45,609 per employee1.

Because the loan received by Austin Achieve Public Schools is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Austin Achieve Public Schools in Austin, TX

Austin Achieve Public Schools
5908 Manor Rd
Austin, TX 78723

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-25

Similar Companies near Austin

In the Austin area, 10 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 261) and received an average PPP loan of $523,658 (compared to this company's $2.48M).

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, 85% lower than Austin Achieve Public Schools' reported 261 employees, and received an average PPP loan of $379,166, 85% lower than this company's loan of $2.48M.

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, and is published unmodified, as provided by the SBA.

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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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Source: www.federalpay.org/paycheck-protection-program/austin-achieve-public-schools-austin-tx