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PPP Loan Data — Family Life Academy Charter School,
Bronx, NY
Family Life Academy Charter School
Entity: Non-profit Organization
Industry: Educational Support Services
Location: Bronx, NY
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Family Life Academy Charter School is a non-profit organization located at 296 E 170th St in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $2,571,253.00 in April, 2020.
The company has reported itself as a Hispanic male owned non-profit.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-28Lender:
PONCE BANKFamily Life Academy Charter School received a Paycheck Protection Loan of $2.57M through PONCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Family Life Academy Charter School's total 2019 payroll expenses were approximately $12.34M in order to qualify for the PPP loan amount received.
Unlike most businesses, Family Life Academy Charter 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.
Business Information - Family Life Academy Charter School in Bronx, NY
296 E 170th St
Bronx, NY 10452
Business Industry
Educational Support Services (NAICS code 611710)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: NY-15Similar Companies near Bronx
In the Bronx area, 5 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 0) and received an average PPP loan of $695,582 (compared to this company's $2.57M).
Similar Nearby Businesses Who Received PPP Funding:
Nana Group Family Day Care
Bronx, NY
Directions For Our Youth, Inc.
Bronx, NY
Sinka Global USA
Bronx, NY
The Knowledge House Fellowship, Inc
Bronx, NY
Industry PPP Comparison Statistics
Nationwide, 14,366 businesses in the "Educational Support Services" industry received a total of $1,365,122,225.00 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 9 employees, and received an average PPP loan of $95,025, 96% lower than this company's loan of $2.57M.
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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