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PPP Loan Data — Kipp: Cooper Norcross, Inc.,
Camden, NJ
Kipp: Cooper Norcross, Inc.
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Camden, NJ
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Kipp: Cooper Norcross, Inc. is a non-profit organization located at 525 Clinton Street in Camden, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,143,780.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
202Loan Approved:
2020-04-14Lender:
MANUFACTURERS AND TRADERS TRUST COMPANYKipp: Cooper Norcross, Inc. in Camden, NJ received a Paycheck Protection Loan of $3.14M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kipp: Cooper Norcross, Inc.'s total 2019 payroll expenses were approximately $15.09M in order to qualify for the PPP loan amount received.
Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $74,704 per employee1.
Business Information - Kipp: Cooper Norcross, Inc. in Camden, NJ
525 Clinton Street
Camden, NJ 08103
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-01Similar Companies near Camden
In the Camden area, 4 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 202) and received an average PPP loan of $1,201,719 (compared to this company's $3.14M).
Similar Nearby Businesses Who Received PPP Funding:
Carshop LLC
Camden, NJ
Kidsme Academy
Camden, NJ
Freedom Prep Charter School
Camden, NJ
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 Kipp: Cooper Norcross, Inc.'s reported 202 employees, and received an average PPP loan of $379,166, 88% lower than this company's loan of $3.14M.
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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