PPP Loan Data — Marquette University High School, Milwaukee, WI
Marquette University High School is a non-profit organization located at 3401 W Wisconsin Ave in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,765,070.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:North Shore Bank, FSB
Marquette University High School in Milwaukee, WI received a Paycheck Protection Loan of $1.77M through North Shore Bank, FSB, 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 February, 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, Marquette University High School's 2019 payroll expenses are estimated to be at least $8.47M.
Based on their reported 128 jobs retained, this equals an estimated average yearly compensation of $66,190 per employee1
Reported PPP Proceed Usage:
On the PPP application, Marquette University High School reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,448,057
- Utilities: $49,002
- Health Care: $268,011
Business Information - Marquette University High School in Milwaukee, WI
3401 W Wisconsin Ave
Milwaukee, WI 53208
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Milwaukee
In the Milwaukee area, 19 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 128) and received an average PPP loan of $444,577 (compared to this company's $1.77M).
Similar Nearby Businesses Who Received PPP Funding:
Seton Catholic Schools, Inc
Downtown Montessori Academy Inc
Atonement Community And Education Services Inc
Carter's Christian Academy, Inc
Torah Academy Of Milwaukee
Milwaukee Excellence, Inc
Atlas Preparatory Academy, Inc
St Thomas More High School Inc
Industry PPP Comparison Statistics
Nationwide, 22,714 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, 70% lower than Marquette University High School's reported 128 employees, and received an average PPP loan of $323,643, 82% lower than this company's loan of $1.77M.
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Footnotes & Information
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