PPP Loan Data — Edmond Public Schools Foundation, Edmond, OK
Edmond Public Schools Foundation is a non-profit organization located at 1001 West Danforth Rd in Edmond, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Edmond Public Schools Foundation in Edmond, OK received a Paycheck Protection Loan of $25,500 through BancFirst, 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 January, 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, Edmond Public Schools Foundation's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Edmond Public Schools Foundation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,400
- Utilities: $100
- Rent: $600
- Debt Interest: $400
Business Information - Edmond Public Schools Foundation in Edmond, OK
1001 West Danforth Rd
Edmond, OK 73003
Other Grantmaking and Giving Services
NAICS code 813219
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 9,799 businesses in the "Other Grantmaking and Giving Services" industry received a total of $1.32B 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 15 employees, 650% higher than Edmond Public Schools Foundation's reported 2 employees, and received an average PPP loan of $134,570, 428% higher than this company's loan of $25,500.
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Footnotes & Information
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