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PPP Loan Data — Empowered Education, Inc.,
Boise, ID
Empowered Education, Inc.
Entity: Corporation
Industry: Other Individual and Family Services
Location: Boise, ID
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Empowered Education, Inc. is a corporation located at 800 W Main St #1460 in Boise, Idaho that received a Coronavirus-related PPP loan from the SBA of $2,553,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 243 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
243Loan Approved:
2020-04-11Lender:
CITY NATIONAL BANKEmpowered Education, Inc. received a Paycheck Protection Loan of $2.55M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Empowered Education, Inc.'s total 2019 payroll expenses were approximately $12.25M in order to qualify for the PPP loan amount received.
Based on their reported 243 jobs retained, this equals an estimated average yearly compensation of $50,430 per employee1.
Business Information - Empowered Education, Inc. in Boise, ID
800 W Main St #1460
Boise, ID 83702
Business Industry
Other Individual and Family Services (NAICS code 624190)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: ID-02Similar Companies near Boise
In the Boise area, 10 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 243) and received an average PPP loan of $399,390 (compared to this company's $2.55M).
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Jonathan Eisman
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Industry PPP Comparison Statistics
Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 17 employees, 93% lower than Empowered Education, Inc.'s reported 243 employees, and received an average PPP loan of $145,761, 94% lower than this company's loan of $2.55M.
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.
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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