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PPP Loan Data — La Salle Academy,
New York, NY
La Salle Academy
Entity: Non-profit Childcare Center
Industry: Elementary and Secondary Schools
Location: New York, NY
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La Salle Academy is a non-profit childcare center located at 215 E 6th St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $738,892.00 in March, 2021.
The company has reported itself as a White male owned non-profit, and employed at least 38 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7583908602
Loan Size:
Jobs Retained:
38Loan Approved:
2021-03-23Loan Status:
Paid in Full or ForgivenLender:
Capital One, National AssociationLa Salle Academy in New York, NY received a Paycheck Protection Loan of $738,892 through Capital One, National Association, which was approved in March, 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 March, 2022.
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, La Salle Academy's 2019 payroll expenses are estimated to be at least $3.55M.
Based on their reported 38 jobs retained, this equals an estimated average yearly compensation of $93,334 per employee1
Reported PPP Proceed Usage:
On the PPP application, La Salle Academy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $738,888
Business Information - La Salle Academy in New York, NY
215 E 6th St
New York, NY 10003
Business Industry:
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 15 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 99 employees (compared to this company's 38) and received an average PPP loan of $1,182,710 (compared to this company's $738,892).
Similar Nearby Businesses Who Received PPP Funding:
The Lang School
New York, NY
Fielding Kahn And Schreiber
New York, NY
School Of Images
Ny, NY
Beth Jacob Parochial School Of The East Side And Esther Scho
New York, NY
Beth Jacob Parochial School Of The East Side And Esther Scho
Ny, NY
Metro Educare LLC
New York, NY
Friends Seminary
New York, NY
Great Oaks Charter School
New York, NY
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, the same amount reported by La Salle Academy and received an average PPP loan of $324,628, 56% lower than this company's loan of $738,892.
La Salle Academy
Entity: Non-profit Childcare Center
Industry: Elementary and Secondary Schools
Location: New York, NY
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La Salle Academy is a non-profit childcare center located at 44 E 2nd St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $721,800.00 in April, 2020.
$
PPP Loan Information
Loan #7195457110
Loan Size:
Jobs Retained:
50Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Capital One, National AssociationLa Salle Academy in New York, NY received a Paycheck Protection Loan of $721,800 through Capital One, National Association, 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 March, 2021.
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, La Salle Academy's 2019 payroll expenses are estimated to be at least $3.46M.
Based on their reported 50 jobs retained, this equals an estimated average yearly compensation of $69,293 per employee1
Reported PPP Proceed Usage:
On the PPP application, La Salle Academy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $721,800
Business Information - La Salle Academy in New York, NY
44 E 2nd St
New York, NY 10003
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: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as La Salle Academy.
Ceny Centro Educativo Inc
Child Day Care Services
Similar Companies near New York
In the New York area, 15 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 99 employees (compared to this company's 50) and received an average PPP loan of $1,182,710 (compared to this company's $721,800).
Similar Nearby Businesses Who Received PPP Funding:
The Lang School
New York, NY
Fielding Kahn And Schreiber
New York, NY
School Of Images
Ny, NY
Beth Jacob Parochial School Of The East Side And Esther Scho
New York, NY
Beth Jacob Parochial School Of The East Side And Esther Scho
Ny, NY
Metro Educare LLC
New York, NY
Friends Seminary
New York, NY
Great Oaks Charter School
New York, NY
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, 24% lower than La Salle Academy's reported 50 employees, and received an average PPP loan of $324,628, 55% lower than this company's loan of $721,800.
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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