PPP Loan Data — Skyview Academy, Highlands Ranch, CO
Skyview Academy is a non-profit organization located at 6161 Business Center Dr in Highlands Ranch, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,760,500.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Skyview Academy in Highlands Ranch, CO received a Paycheck Protection Loan of $1.76M through FirstBank, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
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, Skyview Academy's 2019 payroll expenses are estimated to be at least $8.45M.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $54,519 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skyview Academy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,760,500
Business Information - Skyview Academy in Highlands Ranch, CO
6161 Business Center Dr
Highlands Ranch, CO 80130
Administration of Education Programs
NAICS code 923110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,647 businesses in the "Administration of Education Programs" industry received a total of $314.68M 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 11 employees, 93% lower than Skyview Academy's reported 155 employees, and received an average PPP loan of $86,285, 95% lower than this company's loan of $1.76M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!