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PPP Loan Data — Plato Academy Schools Corporation,
Clearwater, FL
Plato Academy Schools Corporation
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Clearwater, FL
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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
Loan Size:
Jobs Retained:
387Loan Approved:
2020-05-07Lender:
VALLEY NATIONAL BANKPlato 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
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: Unreported
Congressional District: FL-13Similar 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
Clearwater, FL
True School, Inc.
Clearwater, FL
Saint Paul's School Inc
Clearwater, FL
Lakeside Christian School Inc
Clearwater, FL
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.
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.
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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