PPP Loan Data — Science And Math Institute, Jacksonville, FL
Science And Math Institute is a corporation located at 4640 Ricker Rd in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $25,165.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Science And Math Institute in Jacksonville, FL received a Paycheck Protection Loan of $25,165 through Cross River Bank, which was approved in June, 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, Science And Math Institute's 2019 payroll expenses are estimated to be at least $120,792.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,132 per employee1
Reported PPP Proceed Usage:
On the PPP application, Science And Math Institute reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,165
Business Information - Science And Math Institute in Jacksonville, FL
4640 Ricker Rd
Jacksonville, FL 32210
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Jacksonville
In the Jacksonville area, 15 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 6) and received an average PPP loan of $228,259 (compared to this company's $25,165).
Similar Nearby Businesses Who Received PPP Funding:
Seacoast Charter Academy, Inc
Temple Christian Academy Inc
Achievable Dreams Learning Academy LLC
Pearl Academy LLC
ST. Mark's Episcopal Day School Of Jacksonville, Inc
Mariah N Rucker
Bishop John Snyder High School Inc
La Core Christian Elementary, 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, 533% higher than Science And Math Institute's reported 6 employees, and received an average PPP loan of $323,643, 1186% higher than this company's loan of $25,165.
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