PPP Loan Data — John Paul II High School Inc, Plano, TX
John Paul II High School Inc is a corporation located at 900 Coit Rd in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $1,764,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Horizon Bank
John Paul II High School Inc in Plano, TX received a Paycheck Protection Loan of $1.76M through First Horizon 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 January, 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, John Paul II High School Inc's 2019 payroll expenses are estimated to be at least $8.47M.
Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $67,753 per employee1
Reported PPP Proceed Usage:
On the PPP application, John Paul II High School Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,764,400
Business Information - John Paul II High School Inc in Plano, TX
900 Coit Rd
Plano, TX 75075
All Other Miscellaneous Schools and Instruction
NAICS code 611699
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Plano
In the Plano area, 14 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 125) and received an average PPP loan of $230,272 (compared to this company's $1.76M).
Similar Nearby Businesses Who Received PPP Funding:
Ahn's Tae Kwon DO Institute
Cobra Brazilian Jiu-Jitsu LLC
Center For The Study Of N.t. Manuscript
SWP Associates, Inc
Industry PPP Comparison Statistics
Nationwide, 28,242 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $1.52B 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 9 employees, 93% lower than John Paul II High School Inc's reported 125 employees, and received an average PPP loan of $53,678, 97% lower than this company's loan of $1.76M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!