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PPP Loan Data — Montessori Childrens House, Ramona, CA

SBA PPP loan data, payroll data, and salaries for Montessori Childrens House
CA

Montessori Childrens House

Entity: Sole Proprietorship

Industry: Elementary and Secondary Schools

Location: Ramona, CA

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Montessori Childrens House is a sole proprietorship located at 717 9th St in Ramona, California that received a Coronavirus-related PPP loan from the SBA of $75,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$75,200

Jobs Retained:

16

Loan Approved:

2020-04-29

Lender:

BANK OF SOUTHERN CALIFORNIA, NATIONAL ASSOCIATION

Montessori Childrens House received a Paycheck Protection Loan of $75,200 through BANK OF SOUTHERN CALIFORNIA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Montessori Childrens House's total 2019 payroll expenses were approximately $360,960 in order to qualify for the PPP loan amount received.

Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $22,560 per employee1.

Business Information - Montessori Childrens House in Ramona, CA

Montessori Childrens House
717 9th St
Ramona, CA 92065

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-50

Similar Companies near Ramona

In the Ramona area, 9 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 16) and received an average PPP loan of $867,230 (compared to this company's $75,200).

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, 138% higher than Montessori Childrens House's reported 16 employees, and received an average PPP loan of $379,166, 404% higher than this company's loan of $75,200.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/montessori-childrens-house-ramona-ca