PPP Loan Data — Plato Academy Schools Corporation, Clearwater, FL
Plato Academy Schools Corporation is a non-profit organization located at 2045 Palmetto Street in Clearwater, Florida that received a Coronavirus-related PPP loan from the SBA of $2,949,925.00 in May, 2020.
The company has reported itself as a female owned non-profit, and employed at least 387 people during the applicable loan loan period.
$ PPP Loan Information
Lender:VALLEY NATIONAL BANK
Plato Academy Schools Corporation received a Paycheck Protection Loan of $2.95M through VALLEY NATIONAL BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Plato Academy Schools Corporation's total 2019 payroll expenses were approximately $14.16M in order to qualify for the PPP loan amount received.
Based on their reported 387 jobs retained, this equals an estimated average yearly compensation of $36,588 per employee1.
Business Information - Plato Academy Schools Corporation in Clearwater, FL
2045 Palmetto Street
Clearwater, FL 33765
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: FL-13
Similar Companies near Clearwater
In the Clearwater area, 5 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 109 employees (compared to this company's 387) and received an average PPP loan of $916,016 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
Surge Christian Academy LLC
True School, Inc.
Saint Paul's School Inc
Lakeside Christian School Inc
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 Plato Academy Schools Corporation's reported 387 employees, and received an average PPP loan of $379,166, 87% lower than this company's loan of $2.95M.
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Footnotes & Information
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