PPP Loan Data — Lake Highland Preparatory School Inc, Orlando, FL
Lake Highland Preparatory School Inc is a non-profit organization located at 901 Highland Ave in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $4,864,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Lake Highland Preparatory School Inc in Orlando, FL received a Paycheck Protection Loan of $4.86M through Truist Bank d/b/a Branch Banking & Trust Co, 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 July, 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, Lake Highland Preparatory School Inc's 2019 payroll expenses are estimated to be at least $23.35M.
Based on their reported 425 jobs retained, this equals an estimated average yearly compensation of $54,936 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lake Highland Preparatory School Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,864,100
Business Information - Lake Highland Preparatory School Inc in Orlando, FL
901 Highland Ave
Orlando, FL 32803
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 Orlando
In the Orlando area, 17 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 425) and received an average PPP loan of $308,901 (compared to this company's $4.86M).
Similar Nearby Businesses Who Received PPP Funding:
J Daly Associates
Edible Education Experience Inc
FIT For Fun. Inc
Pierre Alex Aly
Jon W Reames Inc
Discover Academy Inc
Industry PPP Comparison Statistics
Nationwide, 28,106 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $1.51B 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, 98% lower than Lake Highland Preparatory School Inc's reported 425 employees, and received an average PPP loan of $53,850, 99% lower than this company's loan of $4.86M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!