PPP Loan Data — Learning Ally Inc, Princeton, NJ
Learning Ally Inc is a non-profit organization located at 20 Roszel Rd in Princeton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,082,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Learning Ally Inc in Princeton, NJ received a Paycheck Protection Loan of $2.08M through PNC Bank, National Association, which was approved in April, 2020.
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, Learning Ally Inc's 2019 payroll expenses are estimated to be at least $9.99M.
Based on their reported 133 jobs retained, this equals an estimated average yearly compensation of $75,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Learning Ally Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,082,100
Business Information - Learning Ally Inc in Princeton, NJ
20 Roszel Rd
Princeton, NJ 8540
Sound Recording Studios
NAICS code 512240
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,865 businesses in the "Sound Recording Studios" industry received a total of $128.12M 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 2 employees, 98% lower than Learning Ally Inc's reported 133 employees, and received an average PPP loan of $21,844, 99% lower than this company's loan of $2.08M.
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Footnotes & Information
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