PPP Loan Data — Kaplan Early Learning Co., Lewisville, NC
Kaplan Early Learning Co.
Entity: Subchapter S Corporation
Location: Lewisville, NCTweet This • Search All PPP Data
Kaplan Early Learning Co. is a subchapter s corporation located at 1310 Lewisville Clemmons Rd in Lewisville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,027,315.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Kaplan Early Learning Co. in Lewisville, NC received a Paycheck Protection Loan of $3.03M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kaplan Early Learning Co.'s total 2019 payroll expenses were approximately $14.53M in order to qualify for the PPP loan amount received.
Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $54,834 per employee1.
Business Information - Kaplan Early Learning Co. in Lewisville, NC
1310 Lewisville Clemmons Rd
Lewisville, NC 27023
Other Professional Equipment and Supplies Merchant Wholesalers (NAICS code 423490)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-05
Industry PPP Comparison Statistics
Nationwide, 1,317 businesses in the "Other Professional Equipment and Supplies Merchant Wholesalers" industry received a total of $200,001,894.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 96% lower than Kaplan Early Learning Co.'s reported 265 employees, and received an average PPP loan of $151,862, 95% lower than this company's loan of $3.03M.
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.
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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