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PPP Loan Data — Pennsylvania Virtual Charter School,
King Of Prussia, PA
Pennsylvania Virtual Charter School
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: King Of Prussia, PA
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Pennsylvania Virtual Charter School is a non-profit organization located at 630 Park Avenue in King Of Prussia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,723,402.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
210Loan Approved:
2020-04-14Lender:
TD BANK, NATIONAL ASSOCIATIONPennsylvania Virtual Charter School in King Of Prussia, PA received a Paycheck Protection Loan of $2.72M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pennsylvania Virtual Charter School's total 2019 payroll expenses were approximately $13.07M in order to qualify for the PPP loan amount received.
Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $62,249 per employee1.
Business Information - Pennsylvania Virtual Charter School in King Of Prussia, PA
630 Park Avenue
King Of Prussia, PA 19406
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-04Industry 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, 82% lower than Pennsylvania Virtual Charter School's reported 210 employees, and received an average PPP loan of $379,166, 86% lower than this company's loan of $2.72M.
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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