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PPP Loan Data — Rising Leaders Academy, Panama City, FL

SBA PPP loan data, payroll data, and salaries for Rising Leaders Academy
FL Nonprofit Organization

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:

$192,300

Jobs Retained:

29

Loan Approved:

2020-04-27

Lender:

HANCOCK WHITNEY BANK

Rising Leaders Academy 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

Rising Leaders Academy
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-02

Similar 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).

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, 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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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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Source: www.federalpay.org/paycheck-protection-program/rising-leaders-academy-panama-city-fl