PPP Loan Data — Educational Leadership, Inc, Houston, TX
Educational Leadership, Inc is a non-profit organization located at 3333 Bering Dr. in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,106,211.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Gulf Capital Bank
Educational Leadership, Inc in Houston, TX received a Paycheck Protection Loan of $2.11M through Gulf Capital Bank, which was approved in June, 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
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, Educational Leadership, Inc's 2019 payroll expenses are estimated to be at least $10.11M.
Based on their reported 252 jobs retained, this equals an estimated average yearly compensation of $40,118 per employee1
Reported PPP Proceed Usage:
On the PPP application, Educational Leadership, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,106,211
Business Information - Educational Leadership, Inc in Houston, TX
3333 Bering Dr.
Houston, TX 77057
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 9 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 252) and received an average PPP loan of $335,980 (compared to this company's $2.11M).
Similar Nearby Businesses Who Received PPP Funding:
Crossroads School, Inc
ST. Michael's Learning Academy, Inc
ST. Thomas The Apostle Episcopal School
Bay Area Montessori House
Cypress Intergrated LLC
St Michael Catholic School
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, 85% lower than Educational Leadership, Inc's reported 252 employees, and received an average PPP loan of $323,643, 85% lower than this company's loan of $2.11M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!