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PPP Loan Data — Premier Education Group LP, New Haven, CT

SBA PPP loan data, payroll data, and salaries for Premier Education Group LP
CT

Premier Education Group LP

Entity: Partnership

Industry: Educational Support Services

Location: New Haven, CT

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Premier Education Group LP is a partnership located at 545 Long Wharf Dr Fl 5 in New Haven, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,942,493.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.94M

Jobs Retained:

228

Loan Approved:

2020-04-13

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Premier Education Group LP received a Paycheck Protection Loan of $2.94M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Premier Education Group LP's total 2019 payroll expenses were approximately $14.12M in order to qualify for the PPP loan amount received.

Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $61,947 per employee1.

Because the loan received by Premier Education Group LP 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 - Premier Education Group LP in New Haven, CT

Premier Education Group LP
545 Long Wharf Dr Fl 5
New Haven, CT 6511

Business Industry

Educational Support Services (NAICS code 611710)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CT-03

Similar Companies near New Haven

In the New Haven area, 10 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 228) and received an average PPP loan of $380,327 (compared to this company's $2.94M).

Industry PPP Comparison Statistics

Nationwide, 14,366 businesses in the "Educational Support Services" industry received a total of $1,365,122,225.00 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 9 employees, 96% lower than Premier Education Group LP's reported 228 employees, and received an average PPP loan of $95,025, 97% lower than this company's loan of $2.94M.

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/premier-education-group-lp-new-haven-ct