PPP Loan Data — St. Andrew's Episcopal School, Inc.,
Potomac, MD
St. Andrew's Episcopal School, Inc.
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Potomac, MD

St. Andrew's Episcopal School, Inc. is a non-profit organization located at 8804 Postoak Road in Potomac, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,787,318.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
157Loan Approved:
2020-04-15Lender:
SANDY SPRING BANKSt. Andrew's Episcopal School, Inc. in Potomac, MD received a Paycheck Protection Loan of $2.79M through SANDY SPRING BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, St. Andrew's Episcopal School, Inc.'s total 2019 payroll expenses were approximately $13.38M in order to qualify for the PPP loan amount received.
Based on their reported 157 jobs retained, this equals an estimated average yearly compensation of $85,217 per employee1.
Business Information - St. Andrew's Episcopal School, Inc. in Potomac, MD
8804 Postoak Road
Potomac, MD 20854
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MD-06Similar Companies near Potomac
In the Potomac area, 14 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 157) and received an average PPP loan of $1,363,028 (compared to this company's $2.79M).
Similar Nearby Businesses Who Received PPP Funding:
Norbeck Montessori Day School Inc
Rockville, MD
Connelly School Of The Holy Child
Potomac, MD
Melvin J. Berman Hebrew Academy
Rockville, MD
The Manor Montessori School
Potomac, MD
Muslim Community School Inc
Potomac, MD
The Heights Inc.
Potomac, MD
WJG LLC
Potomac, MD
The Diener School
Potomac, MD
The Ivymount School, Inc
Rockville, 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, 76% lower than St. Andrew's Episcopal School, Inc.'s reported 157 employees, and received an average PPP loan of $379,166, 86% lower than this company's loan of $2.79M.
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, and is published unmodified, as provided by the SBA.
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.
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