PPP Loan Data — Metairie Park Country Day School, Metairie, LA
Metairie Park Country Day School is a non-profit organization located at 300 Park Rd in Metairie, Louisiana that received a Coronavirus-related PPP loan from the SBA of $1,896,200.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 266 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Hancock Whitney Bank
Metairie Park Country Day School in Metairie, LA received a Paycheck Protection Loan of $1.9M through Hancock Whitney Bank, 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 January, 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, Metairie Park Country Day School's 2019 payroll expenses are estimated to be at least $9.1M.
Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $34,217 per employee1
Reported PPP Proceed Usage:
On the PPP application, Metairie Park Country Day School reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,896,200
Business Information - Metairie Park Country Day School in Metairie, LA
300 Park Rd
Metairie, LA 70005
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Metairie
In the Metairie area, 9 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 266) and received an average PPP loan of $449,122 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
St Catherine Of Siena School
Torah Day School Of New Orleans
Elearning Academy Of New Orleans LLC
Crescent City Baptist School
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, 86% lower than Metairie Park Country Day School's reported 266 employees, and received an average PPP loan of $323,643, 83% lower than this company's loan of $1.9M.
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Footnotes & Information
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