FederalPay.org
PPP Loan Data — Shafer Center For Early Intervention, Inc.,
Owings Mills, MD
Shafer Center For Early Intervention, Inc.
Entity: Subchapter S Corporation
Industry: Elementary and Secondary Schools
Location: Owings Mills, MD
Tweet This
•
Search All PPP Data
Shafer Center For Early Intervention, Inc. is a subchapter s corporation located at 11500 Cronridge Drive in Owings Mills, Maryland that received a Coronavirus-related PPP loan from the SBA of $583,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
71Loan Approved:
2020-04-15Lender:
MANUFACTURERS AND TRADERS TRUST COMPANYShafer Center For Early Intervention, Inc. received a Paycheck Protection Loan of $583,300 through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Shafer Center For Early Intervention, Inc.'s total 2019 payroll expenses were approximately $2.8M in order to qualify for the PPP loan amount received.
Based on their reported 71 jobs retained, this equals an estimated average yearly compensation of $39,434 per employee1.
Business Information - Shafer Center For Early Intervention, Inc. in Owings Mills, MD
11500 Cronridge Drive
Owings Mills, MD 21117
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MD-03Similar Companies near Owings Mills
In the Owings Mills area, 7 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 127 employees (compared to this company's 71) and received an average PPP loan of $1,581,857 (compared to this company's $583,300).
Similar Nearby Businesses Who Received PPP Funding:
Common Ground Community Center Inc
Owings Mills, MD
Liberty Christian School
Owings Mills, MD
Cowling Contracting And Services
Owings Mills, MD
Mcdonogh School, Incorporated
Owings Mills, MD
Garrison Forest School
Owings Mills, MD
The Jemicy School, Inc.
Owings Mills, MD
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, 46% lower than Shafer Center For Early Intervention, Inc.'s reported 71 employees, and received an average PPP loan of $379,166, 35% lower than this company's loan of $583,300.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!