PPP Loan Data — Saint Mary's Academy Of The Sisters Of Loretto, Englewood, CO
Saint Mary's Academy Of The Sisters Of Loretto is a non-profit organization located at 4545 S University Blvd in Englewood, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,782,137.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Western Trust Bank
Saint Mary's Academy Of The Sisters Of Loretto in Englewood, CO received a Paycheck Protection Loan of $1.78M through First Western Trust Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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, Saint Mary's Academy Of The Sisters Of Loretto's 2019 payroll expenses are estimated to be at least $8.55M.
Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $57,799 per employee1
Reported PPP Proceed Usage:
On the PPP application, Saint Mary's Academy Of The Sisters Of Loretto reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,782,137
Business Information - Saint Mary's Academy Of The Sisters Of Loretto in Englewood, CO
4545 S University Blvd
Englewood, CO 80113
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Englewood
In the Englewood area, 7 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 148) and received an average PPP loan of $438,738 (compared to this company's $1.78M).
Similar Nearby Businesses Who Received PPP Funding:
Mercury Academy Of Dance, LLC
Chesteron Academy Of Our Lady Of Victory
St Louis King Of France Englewood
Sunshine Biopharma, Inc
The Lawton-Taylor Corporation
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, 74% lower than Saint Mary's Academy Of The Sisters Of Loretto's reported 148 employees, and received an average PPP loan of $323,643, 82% lower than this company's loan of $1.78M.
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Footnotes & Information
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