Mcdonogh School, Incorporated in Owings Mills, MD - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Mcdonogh School, Incorporated, Owings Mills, MD

MD Nonprofit Organization

Mcdonogh School, Incorporated

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Owings Mills, MD

Mcdonogh School, Incorporated is a non-profit organization located at 8600 Mcdonogh Road in Owings Mills, Maryland that received a Coronavirus-related PPP loan from the SBA of $5,750,000.00 in April, 2020.

The company has reported itself as a male owned non-profit, and employed at least 446 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.75M

Jobs Retained:

446

Loan Approved:

2020-04-14

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Mcdonogh School, Incorporated received a Paycheck Protection Loan of $5.75M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Mcdonogh School, Incorporated's total 2019 payroll expenses were approximately $27.6M in order to qualify for the PPP loan amount received.

Based on their reported 446 jobs retained, this equals an estimated average yearly compensation of $61,883 per employee¹.

Because the loan received by Mcdonogh School, Incorporated is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Mcdonogh School, Incorporated in Owings Mills, MD

Mcdonogh School, Incorporated
8600 Mcdonogh Road
Owings Mills, MD 21117

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: MD-03

Similar Companies near Owings Mills

In the Owings Mills area, 7 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 127 employees (compared to this company's 446) and received an average PPP loan of $1,581,857 (compared to this company's $5.75M).

Similar Nearby Businesses Who Received PPP Funding:

The Jemicy School, Inc.
Owings Mills, MD

$1.98M PPP Loan

Shafer Center For Early Intervention, Inc.
Owings Mills, MD

$583,300 PPP Loan

Cowling Contracting And Services
Owings Mills, MD

$5,300 PPP Loan

Liberty Christian School
Owings Mills, MD

$271,055 PPP Loan

Garrison Forest School
Owings Mills, MD

$2.44M PPP Loan

Common Ground Community Center Inc
Owings Mills, MD

$34,400 PPP Loan

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, 91% lower than Mcdonogh School, Incorporated's reported 446 employees, and received an average PPP loan of $379,166, 93% lower than this company's loan of $5.75M.

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.

Search FederalPay's Full PPP Loan Database

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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