PPP Loan Data — Rhode Island Mayoral Academy Blackstone Valley, Cumberland, RI
Rhode Island Mayoral Academy Blackstone Valley is a non-profit organization located at 291 Broad St in Cumberland, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $4,184,300.00 in April, 2020.
$ PPP Loan Information
Lender:BANK RHODE ISLAND
Rhode Island Mayoral Academy Blackstone Valley in Cumberland, RI received a Paycheck Protection Loan of $4.18M through BANK RHODE ISLAND, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rhode Island Mayoral Academy Blackstone Valley's total 2019 payroll expenses were approximately $20.08M in order to qualify for the PPP loan amount received.
Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $63,964 per employee1.
Business Information - Rhode Island Mayoral Academy Blackstone Valley in Cumberland, RI
291 Broad St
Cumberland, RI 02864
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: RI-01
Similar Companies near Cumberland
In the Cumberland area, 3 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 314) and received an average PPP loan of $1,484,200 (compared to this company's $4.18M).
Similar Nearby Businesses Who Received PPP Funding:
Mercymount Country Day School
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, 88% lower than Rhode Island Mayoral Academy Blackstone Valley's reported 314 employees, and received an average PPP loan of $379,166, 91% lower than this company's loan of $4.18M.
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Footnotes & Information
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