PPP Loan Data — BK Montessori School LLC, Cheshire, CT
BK Montessori School LLC is a limited liability company (LLC) located at 660 Boulder Rd in Cheshire, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
BK Montessori School LLC in Cheshire, CT received a Paycheck Protection Loan of $25,000 through Liberty Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, BK Montessori School LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, BK Montessori School LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - BK Montessori School LLC in Cheshire, CT
660 Boulder Rd
Cheshire, CT 6410
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cheshire
In the Cheshire area, 9 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 2) and received an average PPP loan of $46,856 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
First Congregational Church Nursery & Daycare Inc
First Congregation Church Nursery & Daycare Inc
Michelle Del Mastro
Bunny Village Child Development Center
See Us Grow Childcare And Learning Center Of Cheshire, LLC
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 300% higher than BK Montessori School LLC's reported 2 employees, and received an average PPP loan of $41,676, 67% higher than this company's loan of $25,000.
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Footnotes & Information
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