PPP Loan Data — Hawaii Baptist Academy, Honolulu, HI
Hawaii Baptist Academy is a non-profit organization located at 420 Wyllie Street in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $2,250,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Central Pacific Bank
Hawaii Baptist Academy in Honolulu, HI received a Paycheck Protection Loan of $2.25M through Central Pacific Bank, 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 June, 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, Hawaii Baptist Academy's 2019 payroll expenses are estimated to be at least $10.8M.
Based on their reported 183 jobs retained, this equals an estimated average yearly compensation of $59,016 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hawaii Baptist Academy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,250,000
Business Information - Hawaii Baptist Academy in Honolulu, HI
420 Wyllie Street
Honolulu, HI 96817
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 Honolulu
In the Honolulu area, 12 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 183) and received an average PPP loan of $693,928 (compared to this company's $2.25M).
Similar Nearby Businesses Who Received PPP Funding:
Saint Louis School
Navy Hale Keiki School
Kahala Academic Center Inc
Alliance For Drama Education
Variety School Of Hawaii
St Patrick School
The Congregation Of Christian Brothers Of Hawaii, Inc
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, 79% lower than Hawaii Baptist Academy's reported 183 employees, and received an average PPP loan of $323,643, 86% lower than this company's loan of $2.25M.
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Footnotes & Information
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