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PPP Loan Data — Premier Education Group LP,
New Haven, 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:
Jobs Retained:
228Loan Approved:
2020-04-13Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONPremier 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.
Business Information - Premier Education Group LP in New Haven, CT
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-03Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Stephen Wilmarth
New Haven, CT
Beacon Self Directed Learning Inc
New Haven, CT
Little Rooster Learning Home Daycare
New Haven, CT
Becaid, LLC
New Haven, CT
The Children's Preschool, Inc.
New Haven, CT
Ingenius LLC
New Haven, CT
Episcopal Church At Yale
New Haven, CT
Smart Start Education,LLC
New Haven, CT
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.
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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