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PPP Loan Data — Saint Xavier High School, Inc., Louisville, KY

SBA PPP loan data, payroll data, and salaries for Saint Xavier High School, Inc.
KY Nonprofit Organization

Saint Xavier High School, Inc.

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Louisville, KY

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Saint Xavier High School, Inc. is a non-profit organization located at 1609 Poplar Level Rd in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,424,530.00 in April, 2020.

The company has reported itself as a White male owned non-profit, and employed at least 188 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.42M

Jobs Retained:

188

Loan Approved:

2020-04-06

Lender:

STOCK YARDS BANK & TRUST COMPANY

Saint Xavier High School, Inc. received a Paycheck Protection Loan of $2.42M through STOCK YARDS BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Saint Xavier High School, Inc.'s total 2019 payroll expenses were approximately $11.64M in order to qualify for the PPP loan amount received.

Based on their reported 188 jobs retained, this equals an estimated average yearly compensation of $61,903 per employee1.

Because the loan received by Saint Xavier High School, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Saint Xavier High School, Inc. in Louisville, KY

Saint Xavier High School, Inc.
1609 Poplar Level Rd
Louisville, KY 40217

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: KY-03

Similar Companies near Louisville

In the Louisville area, 5 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 188) and received an average PPP loan of $659,987 (compared to this company's $2.42M).

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, 80% lower than Saint Xavier High School, Inc.'s reported 188 employees, and received an average PPP loan of $379,166, 84% lower than this company's loan of $2.42M.

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.

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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/saint-xavier-high-school-inc-louisville-ky