PPP Loan Data — Empowered Education, Inc., Boise, ID
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
Lender:CITY NATIONAL BANK
Empowered 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
Other Individual and Family Services (NAICS code 624190)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: ID-02
Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Brick House Recovery LLC
Silver Lining Counseling
Generation Life Inc.
Jesse Tree Of Idaho Inc
Megan Linz Counseling PLLC
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.
Have FederalPay.org's open data tools been valuable? Consider donating!