PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Dance Etc. School For Performing Arts Inc, Newtown, CT

ALERT: There are 2 PPP loans for a total of $95,200 in our database for businesses with the name "Dance Etc. School For Performing Arts Inc" in Newtown, CT. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Dance Etc. School For Performing Arts Inc
CT

Dance Etc. School For Performing Arts Inc

Entity: Corporation

Industry: Fine Arts Schools

Location: Newtown, CT

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Dance Etc. School For Performing Arts Inc is a corporation located at 117 Mount Pleasant Rd in Newtown, Connecticut that received a Coronavirus-related PPP loan from the SBA of $49,300.00 in March, 2021.

$ PPP Loan Information
Loan #8877858502

Loan Size:

$49,300

Jobs Retained:

18

Loan Approved:

2021-03-10

Loan Status:

Ongoing Loan

Lender:

Union Savings Bank

Dance Etc. School For Performing Arts Inc in Newtown, CT received a Paycheck Protection Loan of $49,300 through Union Savings Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Dance Etc. School For Performing Arts Inc's 2019 payroll expenses are estimated to be at least $236,640.

Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $13,147 per employee1

Reported PPP Proceed Usage:

On the PPP application, Dance Etc. School For Performing Arts Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $49,298
  • Utilities: $1

Business Information - Dance Etc. School For Performing Arts Inc in Newtown, CT

Dance Etc. School For Performing Arts Inc
117 Mount Pleasant Rd
Newtown, CT 6470

Business Industry:
Fine Arts Schools
NAICS code 611610

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fairfield County, CT — SBA Office 0156 — Congressional District: CT-05

Similar Companies near Newtown

In the Newtown area, 6 businesses in the "Fine Arts Schools" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 18) and received an average PPP loan of $24,948 (compared to this company's $49,300).

Industry PPP Comparison Statistics

Nationwide, 15,142 businesses in the "Fine Arts Schools" industry received a total of $529.25M 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 8 employees, 56% lower than Dance Etc. School For Performing Arts Inc's reported 18 employees, and received an average PPP loan of $34,953, 29% lower than this company's loan of $49,300.

SBA PPP loan data, payroll data, and salaries for Dance, Etc, School For Performing Arts, Inc
CT

Dance, Etc, School For Performing Arts, Inc

Entity: Corporation

Industry: Fine Arts Schools

Location: Newtown, CT

Search All PPP Data

Dance, Etc, School For Performing Arts, Inc is a corporation located at 117 Mount Pleasant Rd in Newtown, Connecticut that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.

$ PPP Loan Information
Loan #7467737203

Loan Size:

$45,900

Jobs Retained:

18

Loan Approved:

2020-04-28

Loan Status:

Ongoing Loan

Lender:

Union Savings Bank

Dance, Etc, School For Performing Arts, Inc in Newtown, CT received a Paycheck Protection Loan of $45,900 through Union Savings Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Dance, Etc, School For Performing Arts, Inc's 2019 payroll expenses are estimated to be at least $220,320.

Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $12,240 per employee1

Reported PPP Proceed Usage:

On the PPP application, Dance, Etc, School For Performing Arts, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $45,900

Business Information - Dance, Etc, School For Performing Arts, Inc in Newtown, CT

Dance, Etc, School For Performing Arts, Inc
117 Mount Pleasant Rd
Newtown, CT 6470

Business Industry:
Fine Arts Schools
NAICS code 611610

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fairfield County, CT — SBA Office 0156 — Congressional District: CT-05

Similar Companies near Newtown

In the Newtown area, 6 businesses in the "Fine Arts Schools" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 18) and received an average PPP loan of $24,948 (compared to this company's $45,900).

Industry PPP Comparison Statistics

Nationwide, 15,142 businesses in the "Fine Arts Schools" industry received a total of $529.25M 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 8 employees, 56% lower than Dance, Etc, School For Performing Arts, Inc's reported 18 employees, and received an average PPP loan of $34,953, 24% lower than this company's loan of $45,900.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/dance-etc-school-for-performing-arts-inc-newtown-ct