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PPP Loan Data — Park Tudor Foundation, Inc,
Indianapolis, IN
Park Tudor Foundation, Inc
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Indianapolis, IN
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Park Tudor Foundation, Inc is a non-profit organization located at 7200 North College Avenue in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,949,194.00 in August, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
369Loan Approved:
2020-08-07Lender:
THE NATIONAL BANK OF INDIANAPOLISPark Tudor Foundation, Inc in Indianapolis, IN received a Paycheck Protection Loan of $2.95M through THE NATIONAL BANK OF INDIANAPOLIS, which was approved in August, 2020.
Based on standard PPP eligibility rules, Park Tudor Foundation, Inc's total 2019 payroll expenses were approximately $14.16M in order to qualify for the PPP loan amount received.
Based on their reported 369 jobs retained, this equals an estimated average yearly compensation of $38,363 per employee1.
Business Information - Park Tudor Foundation, Inc in Indianapolis, IN
7200 North College Avenue
Indianapolis, IN 46240
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IN-05Similar Companies near Indianapolis
In the Indianapolis area, 2 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 217 employees (compared to this company's 369) and received an average PPP loan of $1,848,447 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
Indiana Math And Science Academy, North Indianapolis Inc
Indianapolis, IN
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, 90% lower than Park Tudor Foundation, Inc's reported 369 employees, and received an average PPP loan of $379,166, 87% lower than this company's loan of $2.95M.
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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