PPP Loan Data — Brightside Academy Inc, Pittsburgh, PA
Brightside Academy Inc is a corporation located at 707 Grant Street Suite 1500 in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,543,915.00 in April, 2020.
$ PPP Loan Information
Lender:REPUBLIC FIRST BANK D/B/A REPUBLIC BANK
Brightside Academy Inc in Pittsburgh, PA received a Paycheck Protection Loan of $3.54M through REPUBLIC FIRST BANK D/B/A REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Brightside Academy Inc's total 2019 payroll expenses were approximately $17.01M in order to qualify for the PPP loan amount received.
Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $37,802 per employee1.
Business Information - Brightside Academy Inc in Pittsburgh, PA
707 Grant Street Suite 1500
Pittsburgh, PA 15219
Child Day Care Services (NAICS code 624410)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-18
Similar Companies near Pittsburgh
In the Pittsburgh area, 4 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 450) and received an average PPP loan of $919,054 (compared to this company's $3.54M).
Similar Nearby Businesses Who Received PPP Funding:
Creative Community LLC
HUG Me Tight Childlife Centers, Inc
Milestones Child Care Center, LLC
Industry PPP Comparison Statistics
Nationwide, 42,269 businesses in the "Child Day Care Services" industry received a total of $2,725,013,735.00 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 11 employees, 98% lower than Brightside Academy Inc's reported 450 employees, and received an average PPP loan of $64,468, 98% lower than this company's loan of $3.54M.
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.
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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