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PPP Loan Data — Relay Graduate School Of Education, New York, NY

SBA PPP loan data, payroll data, and salaries for Relay Graduate School Of Education
NY Nonprofit Organization

Relay Graduate School Of Education

Entity: Non-profit Organization

Industry: Educational Support Services

Location: New York, NY

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Relay Graduate School Of Education is a non-profit organization located at 25 Broadway, 3rd Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,852,470.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.85M

Jobs Retained:

417

Loan Approved:

2020-04-11

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Relay Graduate School Of Education in New York, NY received a Paycheck Protection Loan of $5.85M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Relay Graduate School Of Education's total 2019 payroll expenses were approximately $28.09M in order to qualify for the PPP loan amount received.

Based on their reported 417 jobs retained, this equals an estimated average yearly compensation of $67,367 per employee1.

Because the loan received by Relay Graduate School Of Education 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 - Relay Graduate School Of Education in New York, NY

Relay Graduate School Of Education
25 Broadway, 3rd Floor
New York, NY 10004

Business Industry

Educational Support Services (NAICS code 611710)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-10

Similar Companies near New York

In the New York area, 32 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 417) and received an average PPP loan of $455,534 (compared to this company's $5.85M).

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, 98% lower than Relay Graduate School Of Education's reported 417 employees, and received an average PPP loan of $95,025, 98% lower than this company's loan of $5.85M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/relay-graduate-school-of-education-new-york-ny