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PPP Loan Data — Friends School Of Baltimore, Inc, Baltimore, MD

SBA PPP loan data, payroll data, and salaries for Friends School Of Baltimore, Inc
MD Nonprofit Organization

Friends School Of Baltimore, Inc

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Baltimore, MD

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Friends School Of Baltimore, Inc is a non-profit organization located at 5114 N Charles St in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,119,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.12M

Jobs Retained:

275

Loan Approved:

2020-04-10

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Friends School Of Baltimore, Inc received a Paycheck Protection Loan of $3.12M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Friends School Of Baltimore, Inc's total 2019 payroll expenses were approximately $14.98M in order to qualify for the PPP loan amount received.

Based on their reported 275 jobs retained, this equals an estimated average yearly compensation of $54,455 per employee1.

Because the loan received by Friends School Of Baltimore, Inc 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 - Friends School Of Baltimore, Inc in Baltimore, MD

Friends School Of Baltimore, Inc
5114 N Charles St
Baltimore, MD 21210

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-03

Similar Companies near Baltimore

In the Baltimore area, 6 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 188 employees (compared to this company's 275) and received an average PPP loan of $2,522,317 (compared to this company's $3.12M).

Industry PPP Comparison Statistics

Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 38 employees, 86% lower than Friends School Of Baltimore, Inc's reported 275 employees, and received an average PPP loan of $379,166, 88% lower than this company's loan of $3.12M.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/friends-school-of-baltimore-inc-baltimore-md