PPP Loan Data — Scranton Area Christian Academy Of The Assemblies Of God, South Abington Township, PA
Scranton Area Christian Academy Of The Assemblies Of God is a non-profit childcare center located at 413 Layton Rd in South Abington Township, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,298.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:NBT Bank, National Association
Scranton Area Christian Academy Of The Assemblies Of God in South Abington Township, PA received a Paycheck Protection Loan of $25,298 through NBT 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, Scranton Area Christian Academy Of The Assemblies Of God's 2019 payroll expenses are estimated to be at least $121,430.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Scranton Area Christian Academy Of The Assemblies Of God reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,298
Business Information - Scranton Area Christian Academy Of The Assemblies Of God in South Abington Township, PA
413 Layton Rd
South Abington Township, PA 18411
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near South Abington Township
In the South Abington Township area, 5 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 10) and received an average PPP loan of $26,485 (compared to this company's $25,298).
Similar Nearby Businesses Who Received PPP Funding:
Helping Hands Learning Center
Clarks Summit, PA
Happiness Hive Learning Academy LLC
Clarks Green, PA
Abington Kids Creative Learning Center Inc
Clarks Green, PA
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 20% lower than Scranton Area Christian Academy Of The Assemblies Of God's reported 10 employees, and received an average PPP loan of $41,676, 65% higher than this company's loan of $25,298.
FederalPay's PPP Information Policy
Footnotes & Information
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