PPP Loan Data — Classical Charter Schools, Bronx, NY
Classical Charter Schools is a non-profit organization located at 977 Fox St in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $3,335,400.00 in May, 2020.
$ PPP Loan Information
Classical Charter Schools in Bronx, NY received a Paycheck Protection Loan of $3.34M through IMMITO, LLC, which was approved in May, 2020.
Based on standard PPP eligibility rules, Classical Charter Schools' total 2019 payroll expenses were approximately $16.01M in order to qualify for the PPP loan amount received.
Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $71,793 per employee1.
Business Information - Classical Charter Schools in Bronx, NY
977 Fox St
Bronx, NY 10459
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: NY-15
Similar Companies near Bronx
In the Bronx area, 6 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 223) and received an average PPP loan of $1,362,828 (compared to this company's $3.34M).
Similar Nearby Businesses Who Received PPP Funding:
New Visions Aim Charter High School II
New York Language Center Bronx Inc
Bronx Lighthouse Charter School
St John Chrysostom
Fordham Preparatory School
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, 83% lower than Classical Charter Schools' reported 223 employees, and received an average PPP loan of $379,166, 89% lower than this company's loan of $3.34M.
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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