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PPP Loan Data — Hyde Leadership Charter School, Bronx, NY

SBA PPP loan data, payroll data, and salaries for Hyde Leadership Charter School
NY Nonprofit Organization

Hyde Leadership Charter School

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Bronx, NY

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Hyde Leadership Charter School is a non-profit organization located at 830 Hunts Point Ave in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $3,130,640.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.13M

Jobs Retained:

204

Loan Approved:

2020-04-27

Lender:

BBVA USA

Hyde Leadership Charter School in Bronx, NY received a Paycheck Protection Loan of $3.13M through BBVA USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hyde Leadership Charter School's total 2019 payroll expenses were approximately $15.03M in order to qualify for the PPP loan amount received.

Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $73,662 per employee1.

Because the loan received by Hyde Leadership 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 - Hyde Leadership Charter School in Bronx, NY

Hyde Leadership Charter School
830 Hunts Point Ave
Bronx, NY 10474

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-15

Similar Companies near Bronx

In the Bronx area, 6 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 204) and received an average PPP loan of $1,090,514 (compared to this company's $3.13M).

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, 81% lower than Hyde Leadership Charter School's reported 204 employees, and received an average PPP loan of $379,166, 88% lower than this company's loan of $3.13M.

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, and is published unmodified, as provided by the SBA.

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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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Source: www.federalpay.org/paycheck-protection-program/hyde-leadership-charter-school-bronx-ny