PPP Loan Data — Springside Chestnut Hill Academy, Philadelphia, PA
Springside Chestnut Hill Academy is a non-profit organization located at 500 W Willow Grove Ave in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,849,600.00 in April, 2020.
$ PPP Loan Information
Lender:THE BRYN MAWR TRUST COMPANY
Springside Chestnut Hill Academy in Philadelphia, PA received a Paycheck Protection Loan of $3.85M through THE BRYN MAWR TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Springside Chestnut Hill Academy's total 2019 payroll expenses were approximately $18.48M in order to qualify for the PPP loan amount received.
Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $77,967 per employee1.
Business Information - Springside Chestnut Hill Academy in Philadelphia, PA
500 W Willow Grove Ave
Philadelphia, PA 19118
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-03
Similar Companies near Philadelphia
In the Philadelphia area, 5 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 237) and received an average PPP loan of $883,181 (compared to this company's $3.85M).
Similar Nearby Businesses Who Received PPP Funding:
Project Learn School
Adventure Game Inc
The Crefeld School
Blair Christian Academy And Child Care, 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, 84% lower than Springside Chestnut Hill Academy's reported 237 employees, and received an average PPP loan of $379,166, 90% lower than this company's loan of $3.85M.
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Footnotes & Information
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