PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Inclusion Education Services Inc, Rockville, MD

ALERT: There are 2 PPP loans for a total of $36,008 in our database for businesses with the name "Inclusion Education Services Inc" in Rockville, MD. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Inclusion Education Services Inc
MD Nonprofit Organization

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 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:

$20,958

Jobs Retained:

1

Loan Approved:

2021-02-05

Loan Status:

Paid in Full or Forgiven

Lender:

Sandy Spring Bank
Likely Employment Reduction3

Inclusion 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'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 October, 2021.

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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

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

Inclusion Education Services Inc
Rockville, MD
* Full address is redacted to protect the privacy of individuals.

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

Montgomery County, MD — SBA Office 0353 — Congressional District: MD-06

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).

Industry PPP Comparison Statistics

Nationwide, 22,634 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, 3700% higher than Inclusion Education Services Inc's reported 1 employees, and received an average PPP loan of $324,628, 1449% higher than this company's loan of $20,958.

SBA PPP loan data, payroll data, and salaries for Inclusion Education Services, Inc
MD Nonprofit Organization

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 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:

$15,050

Jobs Retained:

1

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

Sandy Spring Bank

Inclusion 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'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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

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

Inclusion Education Services, Inc
Rockville, MD
* Full address is redacted to protect the privacy of individuals.

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

Montgomery County, MD — SBA Office 0353 — Congressional District: MD-06

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).

Industry PPP Comparison Statistics

Nationwide, 9,750 businesses in the "Other Grantmaking and Giving Services" industry received a total of $1.31B 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 $134,261, 792% 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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/inclusion-education-services-inc-rockville-md