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PPP Loan Data — Rising Leaders Academy,
Panama City, FL
Rising Leaders Academy
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Panama City, FL
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Rising Leaders Academy is a non-profit organization located at 1527 Lincoln Ave in Panama City, Florida that received a Coronavirus-related PPP loan from the SBA of $192,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
29Loan Approved:
2020-04-27Lender:
HANCOCK WHITNEY BANKRising Leaders Academy in Panama City, FL received a Paycheck Protection Loan of $192,300 through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rising Leaders Academy's total 2019 payroll expenses were approximately $923,040 in order to qualify for the PPP loan amount received.
Based on their reported 29 jobs retained, this equals an estimated average yearly compensation of $31,829 per employee1.
Business Information - Rising Leaders Academy in Panama City, FL
1527 Lincoln Ave
Panama City, FL 32405
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-02Similar Companies near Panama City
In the Panama City area, 5 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 29) and received an average PPP loan of $247,891 (compared to this company's $192,300).
Similar Nearby Businesses Who Received PPP Funding:
Ksod Inc
Panama City, FL
Bay City Point Donuts, LLC
Panama City, FL
Community Charter Academy, Inc.
Panama City, FL
Panama City Advanced School Corporation
Panama City, 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, 31% higher than Rising Leaders Academy's reported 29 employees, and received an average PPP loan of $379,166, 97% higher than this company's loan of $192,300.
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.
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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