PPP Loan Data — Currey Ingram Academy, Brentwood, TN
Currey Ingram Academy is a non-profit organization located at 6544 Murray Lane in Brentwood, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,566,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Currey Ingram Academy in Brentwood, TN received a Paycheck Protection Loan of $1.57M through Truist Bank d/b/a Branch Banking & Trust Co, 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 April, 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, Currey Ingram Academy's 2019 payroll expenses are estimated to be at least $7.52M.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $49,129 per employee1
Reported PPP Proceed Usage:
On the PPP application, Currey Ingram Academy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,566,000
Business Information - Currey Ingram Academy in Brentwood, TN
6544 Murray Lane
Brentwood, TN 37027
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brentwood
In the Brentwood area, 4 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 153) and received an average PPP loan of $584,373 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
Tennessee Association Of Independent Schools
Montessori Academy Incorporated
JAK Academy Inc
Industry PPP Comparison Statistics
Nationwide, 22,714 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 38 employees, 75% lower than Currey Ingram Academy's reported 153 employees, and received an average PPP loan of $323,643, 79% lower than this company's loan of $1.57M.
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Footnotes & Information
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