PPP Loan Data — Landmark School, Inc., Beverly, MA
Landmark School, Inc. is a non-profit organization located at 429 Hale St in Beverly, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,262,530.00 in April, 2020.
$ PPP Loan Information
Lender:EAST BOSTON SAVINGS BANK
Landmark School, Inc. in Beverly, MA received a Paycheck Protection Loan of $4.26M through EAST BOSTON SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Landmark School, Inc.'s total 2019 payroll expenses were approximately $20.46M in order to qualify for the PPP loan amount received.
Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $58,458 per employee1.
Business Information - Landmark School, Inc. in Beverly, MA
429 Hale St
Beverly, MA 1915
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-06
Similar Companies near Beverly
In the Beverly area, 9 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 350) and received an average PPP loan of $1,092,430 (compared to this company's $4.26M).
Similar Nearby Businesses Who Received PPP Funding:
New England Academy, LLC
Waldorf School At Moraine Farm
Sandra E. Walor, Inc.
Beverly School For The Deaf
Creation Station Preschool, Inc.
Glen Urquhart School Inc.
Shore Country Day School
Waring School, Inc.
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, 89% lower than Landmark School, Inc.'s reported 350 employees, and received an average PPP loan of $379,166, 91% lower than this company's loan of $4.26M.
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