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PPP Loan Data — La Scuola D'Italia Gugilelmo Marconi, New York, NY

SBA PPP loan data, payroll data, and salaries for La Scuola D'Italia Gugilelmo Marconi
NY Nonprofit Organization

La Scuola D'Italia Gugilelmo Marconi

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: New York, NY

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La Scuola D'Italia Gugilelmo Marconi is a non-profit organization located at 12 East 96th Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $697,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$697,100

Jobs Retained:

53

Loan Approved:

2020-04-14

Lender:

REPUBLIC FIRST BANK D/B/A REPUBLIC BANK

La Scuola D'Italia Gugilelmo Marconi received a Paycheck Protection Loan of $697,100 through REPUBLIC FIRST BANK D/B/A REPUBLIC BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, La Scuola D'Italia Gugilelmo Marconi's total 2019 payroll expenses were approximately $3.35M in order to qualify for the PPP loan amount received.

Based on their reported 53 jobs retained, this equals an estimated average yearly compensation of $63,134 per employee1.

Business Information - La Scuola D'Italia Gugilelmo Marconi in New York, NY

La Scuola D'Italia Gugilelmo Marconi
12 East 96th Street
New York, NY 10128

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-12

Similar Companies near New York

In the New York area, 7 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 53) and received an average PPP loan of $1,110,074 (compared to this company's $697,100).

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, 28% lower than La Scuola D'Italia Gugilelmo Marconi's reported 53 employees, and received an average PPP loan of $379,166, 46% lower than this company's loan of $697,100.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/la-scuola-ditalia-gugilelmo-marconi-new-york-ny