PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Family Life Academy Charter School, Bronx, NY

SBA PPP loan data, payroll data, and salaries for Family Life Academy Charter School
NY Nonprofit Organization

Family Life Academy Charter School

Entity: Non-profit Organization

Industry: Educational Support Services

Location: Bronx, NY

Search All PPP Data

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:

$2.57M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-28

Lender:

PONCE BANK

Family 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.

Because the loan received by Family Life Academy Charter School is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Family Life Academy Charter School in Bronx, NY

Family Life Academy Charter School
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-15

Similar 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).

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.

Search FederalPay's Full PPP Loan Database

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!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/family-life-academy-charter-school-bronx-ny