PPP Loan Data — Millbrook School, Millbrook, NY
Millbrook School is a non-profit organization located at 131 Millbrook School Rd. in Millbrook, New York that received a Coronavirus-related PPP loan from the SBA of $2,033,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
Millbrook School in Millbrook, NY received a Paycheck Protection Loan of $2.03M through Citizens 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, Millbrook School's 2019 payroll expenses are estimated to be at least $9.76M.
Based on their reported 149 jobs retained, this equals an estimated average yearly compensation of $65,509 per employee1
Reported PPP Proceed Usage:
On the PPP application, Millbrook School reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,033,500
Business Information - Millbrook School in Millbrook, NY
131 Millbrook School Rd.
Millbrook, NY 12545
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Millbrook
In the Millbrook area, 2 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 95 employees (compared to this company's 149) and received an average PPP loan of $1,304,889 (compared to this company's $2.03M).
Similar Nearby Businesses Who Received PPP Funding:
Dutchess Day 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, 74% lower than Millbrook School's reported 149 employees, and received an average PPP loan of $323,643, 84% lower than this company's loan of $2.03M.
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Footnotes & Information
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