PPP Loan Data — Oakmont Education LLC, Akron, OH
Oakmont Education LLC is a limited liability company (LLC) located at 481 N Cleveland Massillon Rd in Akron, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,489,100.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Oakmont Education LLC in Akron, OH received a Paycheck Protection Loan of $3.49M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Oakmont Education LLC's total 2019 payroll expenses were approximately $16.75M in order to qualify for the PPP loan amount received.
Based on their reported 307 jobs retained, this equals an estimated average yearly compensation of $54,553 per employee1.
Business Information - Oakmont Education LLC in Akron, OH
481 N Cleveland Massillon Rd
Akron, OH 44333
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-11
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, 88% lower than Oakmont Education LLC's reported 307 employees, and received an average PPP loan of $379,166, 89% lower than this company's loan of $3.49M.
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Footnotes & Information
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