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PPP Loan Data — Brightside Academy Inc,
Pittsburgh, PA
Brightside Academy Inc
Entity: Corporation
Industry: Child Day Care Services
Location: Pittsburgh, PA
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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
Loan Size:
Jobs Retained:
450Loan Approved:
2020-04-14Lender:
REPUBLIC FIRST BANK D/B/A REPUBLIC BANKBrightside 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
Business Industry
Child Day Care Services (NAICS code 624410)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-18Similar 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
Pittsburgh, PA
HUG Me Tight Childlife Centers, Inc
Pittsburgh, PA
Milestones Child Care Center, LLC
Pittsburgh, PA
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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