PPP Loan Data — Father Ryan High School, Inc, Nashville, TN
Father Ryan High School, Inc is a corporation located at 700 Norwood Drive in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,948,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Father Ryan High School, Inc in Nashville, TN received a Paycheck Protection Loan of $1.95M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
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, Father Ryan High School, Inc's 2019 payroll expenses are estimated to be at least $9.35M.
Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $74,826 per employee1
Reported PPP Proceed Usage:
On the PPP application, Father Ryan High School, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,948,600
Business Information - Father Ryan High School, Inc in Nashville, TN
700 Norwood Drive
Nashville, TN 37204
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Nashville
In the Nashville area, 14 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 125) and received an average PPP loan of $360,375 (compared to this company's $1.95M).
Similar Nearby Businesses Who Received PPP Funding:
The New Childrens First A Montessori Community LLC
ST. Cecilia Congregation DBA The Dominican Campus
ST. Cecilia Congregation
Middle Tennessee Swim School LLC
Friends Life Community
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, 70% lower than Father Ryan High School, Inc's reported 125 employees, and received an average PPP loan of $323,643, 83% lower than this company's loan of $1.95M.
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Footnotes & Information
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