PPP Loan Data — No Tears Learning, Inc., Gaithersburg, MD
No Tears Learning, Inc. is a subchapter s corporation located at 806 W Diamond Ave in Gaithersburg, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,447,500.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
No Tears Learning, Inc. in Gaithersburg, MD received a Paycheck Protection Loan of $2.45M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, No Tears Learning, Inc.'s total 2019 payroll expenses were approximately $11.75M in order to qualify for the PPP loan amount received.
Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $77,801 per employee1.
Business Information - No Tears Learning, Inc. in Gaithersburg, MD
806 W Diamond Ave
Gaithersburg, MD 20878
Educational Support Services (NAICS code 611710)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-06
Similar Companies near Gaithersburg
In the Gaithersburg area, 14 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 151) and received an average PPP loan of $213,490 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
Education Association For China Tomorrow
World Innovation Network Limited
World Innovation Network
Champ Martial Arts Academy Inc
H&H Child Care Training Center LLC
Educate Lanka Foundation, Inc.
Gifted Child Resources Inc
Industry PPP Comparison Statistics
Nationwide, 14,366 businesses in the "Educational Support Services" industry received a total of $1,365,122,225.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 94% lower than No Tears Learning, Inc.'s reported 151 employees, and received an average PPP loan of $95,025, 96% lower than this company's loan of $2.45M.
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Footnotes & Information
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