PPP Loan Data — Roland Park Country School, Inc, Baltimore, MD
Roland Park Country School, Inc is a non-profit organization located at 5204 Roland Avenue in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,711,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Roland Park Country School, Inc in Baltimore, MD received a Paycheck Protection Loan of $2.71M through PNC Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Roland Park Country School, Inc's 2019 payroll expenses are estimated to be at least $13.01M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $65,066 per employee1
Reported PPP Proceed Usage:
On the PPP application, Roland Park Country School, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,711,100
Business Information - Roland Park Country School, Inc in Baltimore, MD
5204 Roland Avenue
Baltimore, MD 21210
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Baltimore
In the Baltimore area, 6 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 221 employees (compared to this company's 200) and received an average PPP loan of $2,522,317 (compared to this company's $2.71M).
Similar Nearby Businesses Who Received PPP Funding:
The Boys' Latin School Of Maryland, Inc
Friends School Of Baltimore, Inc
Gilman School, Incorporated
The Bryn Mawr School For Girls Of Baltimore City Inc
Industry PPP Comparison Statistics
Nationwide, 22,714 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 38 employees, 81% lower than Roland Park Country School, Inc's reported 200 employees, and received an average PPP loan of $323,643, 88% lower than this company's loan of $2.71M.
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Footnotes & Information
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