PPP Loan Data — Sandy Springs Friends School, Inc., Sandy Spring, MD
Sandy Springs Friends School, Inc. is a non-profit organization located at 16923 Norwood Road in Sandy Spring, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,682,600.00 in April, 2020.
$ PPP Loan Information
Lender:ATLANTIC UNION BANK
Sandy Springs Friends School, Inc. received a Paycheck Protection Loan of $2.68M through ATLANTIC UNION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sandy Springs Friends School, Inc.'s total 2019 payroll expenses were approximately $12.88M in order to qualify for the PPP loan amount received.
Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $61,026 per employee1.
Business Information - Sandy Springs Friends School, Inc. in Sandy Spring, MD
16923 Norwood Road
Sandy Spring, MD 20860
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-03
Similar Companies near Sandy Spring
In the Sandy Spring area, 2 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 110 employees (compared to this company's 211) and received an average PPP loan of $1,368,030 (compared to this company's $2.68M).
Similar Nearby Businesses Who Received PPP Funding:
Montessori Society Of Ashton, Inc.
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, 82% lower than Sandy Springs Friends School, Inc.'s reported 211 employees, and received an average PPP loan of $379,166, 86% lower than this company's loan of $2.68M.
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.
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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