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PPP Loan Data — New York Preparatory School Inc,
New York, NY
New York Preparatory School Inc
Entity: Subchapter S Corporation
Industry: Elementary and Secondary Schools
Location: New York, NY
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New York Preparatory School Inc is a subchapter s corporation located at 291 Central Park West in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,447,355.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
233Loan Approved:
2020-04-15Lender:
SIGNATURE BANKNew York Preparatory School Inc in New York, NY received a Paycheck Protection Loan of $4.45M through SIGNATURE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, New York Preparatory School Inc's total 2019 payroll expenses were approximately $21.35M in order to qualify for the PPP loan amount received.
Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $91,619 per employee1.
Business Information - New York Preparatory School Inc in New York, NY
291 Central Park West
New York, NY 10024
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-10Similar Companies near New York
In the New York area, 33 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 233) and received an average PPP loan of $1,261,031 (compared to this company's $4.45M).
Similar Nearby Businesses Who Received PPP Funding:
Abraham Joshua Heschel School
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Stephen Gaynor School
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The Calhoun School, Inc.
New York, NY
Amiguitos Montessori Spanish Program
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Yeshiva Ohr Torah Community School
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The Cathedral School Of Saint John The Divine
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The Gateway School Of New York
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Metropolitan Montessori School
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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, 84% lower than New York Preparatory School Inc's reported 233 employees, and received an average PPP loan of $379,166, 91% lower than this company's loan of $4.45M.
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, and is published unmodified, as provided by the SBA.
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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