PPP Loan Data — St. Andrew's Episcopal School, Inc., 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
Lender:SANDY SPRING BANK
St. 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
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-06
Similar 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
Connelly School Of The Holy Child
Melvin J. Berman Hebrew Academy
The Manor Montessori School
Muslim Community School Inc
The Heights Inc.
The Diener School
The Ivymount School, 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, 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.
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Footnotes & Information
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