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PPP Loan Data — Inclusion Education Services Inc,
Rockville, MD
Inclusion Education Services Inc
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Rockville, MD
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Inclusion Education Services Inc is a non-profit organization located at 13300 Arctic Ave in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $20,958.00 in February, 2021.
$
PPP Loan Information
Loan #3987388403
Loan Size:
Jobs Retained:
1Loan Approved:
2021-02-05Loan Status:
Ongoing LoanLender:
Sandy Spring BankInclusion Education Services Inc in Rockville, MD received a Paycheck Protection Loan of $20,958 through Sandy Spring Bank, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Inclusion Education Services Inc's 2019 payroll expenses are estimated to be at least $100,598 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Inclusion Education Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,957
Business Information - Inclusion Education Services Inc in Rockville, MD
13300 Arctic Ave
Rockville, MD 20853
Business Industry:
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Rockville
In the Rockville area, 28 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 1) and received an average PPP loan of $968,770 (compared to this company's $20,958).
Similar Nearby Businesses Who Received PPP Funding:
The Diener School
Rockville, MD
Green Acres School Inc
Rockville, MD
Melvin J. Berman Hebrew Academy
Rockville, MD
The Manor Montessori School
Potomac, MD
Norbeck Montessori Day School Inc
Rockville, MD
The Diener School
Potomac, MD
Geneva Presbyterian Church
Potomac, MD
Charles E. Smith Jewish Day School Of Greater Washington, In
Rockville, MD
Bullis School, Inc
Potomac, MD
Industry PPP Comparison Statistics
Nationwide, 21,362 businesses in the "Elementary and Secondary Schools" industry received a total of $7.15B 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 39 employees, 3800% higher than Inclusion Education Services Inc's reported 1 employees, and received an average PPP loan of $334,870, 1498% higher than this company's loan of $20,958.
Inclusion Education Services, Inc
Entity: Non-profit Organization
Industry: Other Grantmaking and Giving Services
Location: Rockville, MD
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Inclusion Education Services, Inc is a non-profit organization located at 13300 Arctic Ave in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $15,050.00 in April, 2020.
$
PPP Loan Information
Loan #5348977105
Loan Size:
Jobs Retained:
1Loan Approved:
2020-04-13Loan Status:
Ongoing LoanLender:
Sandy Spring BankInclusion Education Services, Inc in Rockville, MD received a Paycheck Protection Loan of $15,050 through Sandy Spring Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Inclusion Education Services, Inc's 2019 payroll expenses are estimated to be at least $72,240.
Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $72,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Inclusion Education Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $15,050
Business Information - Inclusion Education Services, Inc in Rockville, MD
13300 Arctic Ave
Rockville, MD 20853
Business Industry:
Other Grantmaking and Giving Services
NAICS code 813219
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Rockville
In the Rockville area, 10 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 1) and received an average PPP loan of $274,995 (compared to this company's $15,050).
Similar Nearby Businesses Who Received PPP Funding:
Addiction Policy Forum
North Bethesda, MD
Executive Child Development Center, Inc
Rockville, MD
The Jewish Federation Of Greater Washington Inc
North Bethesda, MD
Global Institute Of Economic Advancement Inc
Potomac, MD
Rona And Jeffrey Abramson Foundation
Rockville, MD
Association For Safe International Road Travel
Potomac, MD
Momentum Unlimited
Rockville, MD
The Ql Plus Program
Potomac, MD
Industry PPP Comparison Statistics
Nationwide, 9,287 businesses in the "Other Grantmaking and Giving Services" industry received a total of $1.27B 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 15 employees, 1400% higher than Inclusion Education Services, Inc's reported 1 employees, and received an average PPP loan of $136,328, 806% higher than this company's loan of $15,050.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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