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PPP Loan Data — Doctor Franklin Perkins School, Lancaster, MA

SBA PPP loan data, payroll data, and salaries for Doctor Franklin Perkins School
MA Nonprofit Organization

Doctor Franklin Perkins School

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Lancaster, MA

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Doctor Franklin Perkins School is a non-profit organization located at 971 Main St in Lancaster, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,860,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.86M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-07

Lender:

CLINTON SAVINGS BANK

Doctor Franklin Perkins School in Lancaster, MA received a Paycheck Protection Loan of $3.86M through CLINTON SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Doctor Franklin Perkins School's total 2019 payroll expenses were approximately $18.53M in order to qualify for the PPP loan amount received.

Unlike most businesses, Doctor Franklin Perkins School's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Doctor Franklin Perkins School is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Doctor Franklin Perkins School in Lancaster, MA

Doctor Franklin Perkins School
971 Main St
Lancaster, MA 1523

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-03

Similar Companies near Lancaster

In the Lancaster area, 3 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 0) and received an average PPP loan of $1,327,667 (compared to this company's $3.86M).

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, and received an average PPP loan of $379,166, 90% lower than this company's loan of $3.86M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/doctor-franklin-perkins-school-lancaster-ma