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PPP Loan Data — PER Scholas, Inc, Bronx, NY

SBA PPP loan data, payroll data, and salaries for PER Scholas, Inc
NY Nonprofit Organization

PER Scholas, Inc

Entity: Non-profit Organization

Industry: Other Technical and Trade Schools

Location: Bronx, NY

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PER Scholas, Inc is a non-profit organization located at 804 E 138th St Fl 2 in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $2,574,350.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.57M

Jobs Retained:

216

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

PER Scholas, Inc received a Paycheck Protection Loan of $2.57M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, PER Scholas, Inc's total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.

Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $57,208 per employee1.

Because the loan received by PER Scholas, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - PER Scholas, Inc in Bronx, NY

PER Scholas, Inc
804 E 138th St Fl 2
Bronx, NY 10454

Business Industry

Other Technical and Trade Schools (NAICS code 611519)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-15

Similar Companies near Bronx

In the Bronx area, 2 businesses in the "Other Technical and Trade Schools" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 216) and received an average PPP loan of $1,307,493 (compared to this company's $2.57M).

Similar Nearby Businesses Who Received PPP Funding:

Cudleys Training Program
Bronx, NY

$40,635 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,830 businesses in the "Other Technical and Trade Schools" industry received a total of $289,734,458.00 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 11 employees, 95% lower than PER Scholas, Inc's reported 216 employees, and received an average PPP loan of $102,380, 96% lower than this company's loan of $2.57M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/per-scholas-inc-bronx-ny