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PPP Loan Data — St Francis Preparatory School,
Fresh Meadows, NY
St Francis Preparatory School
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Fresh Meadows, NY
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St Francis Preparatory School is a non-profit organization located at 6100 Francis Lewis Blvd in Fresh Meadows, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #1032848604
Loan Size:
Jobs Retained:
195Loan Approved:
2021-03-12Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationSt Francis Preparatory School in Fresh Meadows, NY received a Paycheck Protection Loan of $2M through JPMorgan Chase Bank, National Association, which was approved in March, 2021.
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 November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, St Francis Preparatory School's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $49,231 per employee1
Reported PPP Proceed Usage:
On the PPP application, St Francis Preparatory School reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - St Francis Preparatory School in Fresh Meadows, NY
6100 Francis Lewis Blvd
Fresh Meadows, NY 11365
Business Industry:
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Fresh Meadows
In the Fresh Meadows area, 17 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 195) and received an average PPP loan of $603,231 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Alley Pond Environmental Center, Inc
Oakland Gardens, NY
TAL Tal Daycare Inc
Fresh Meadows, NY
AL-Mamoor School
Fresh Meadows, NY
TAL Tal Daycare Inc
Fresh Medow, NY
Highland Elementary School
Fresh Meadows, NY
Solomon Schechter School Of Queens
Fresh Meadows, NY
Holy Martyrs Armenian Day School
Oakland Gardens, NY
Little Meadows Early Childhood Center, Inc
Fresh Meadows, NY
Industry PPP Comparison Statistics
Nationwide, 22,633 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B 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 38 employees, 81% lower than St Francis Preparatory School's reported 195 employees, and received an average PPP loan of $324,642, 84% lower than this company's loan of $2M.
St Francis Preparatory School
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Fresh Meadows, NY
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•
Search All PPP Data
St Francis Preparatory School is a non-profit organization located at 6100 Francis Lewis Blvd in Fresh Meadows, New York that received a Coronavirus-related PPP loan from the SBA of $3,547,306.00 in May, 2020.
$
PPP Loan Information
Loan #2769077710
Loan Size:
Jobs Retained:
192Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationSt Francis Preparatory School in Fresh Meadows, NY received a Paycheck Protection Loan of $3.55M through JPMorgan Chase Bank, National Association, 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 August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, St Francis Preparatory School's 2019 payroll expenses are estimated to be at least $17.03M.
Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $88,683 per employee1
Reported PPP Proceed Usage:
On the PPP application, St Francis Preparatory School reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,547,306
Business Information - St Francis Preparatory School in Fresh Meadows, NY
6100 Francis Lewis Blvd
Fresh Meadows, NY 11365
Business Industry:
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Fresh Meadows
In the Fresh Meadows area, 17 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 192) and received an average PPP loan of $603,231 (compared to this company's $3.55M).
Similar Nearby Businesses Who Received PPP Funding:
Alley Pond Environmental Center, Inc
Oakland Gardens, NY
TAL Tal Daycare Inc
Fresh Meadows, NY
AL-Mamoor School
Fresh Meadows, NY
TAL Tal Daycare Inc
Fresh Medow, NY
Highland Elementary School
Fresh Meadows, NY
Solomon Schechter School Of Queens
Fresh Meadows, NY
Holy Martyrs Armenian Day School
Oakland Gardens, NY
Little Meadows Early Childhood Center, Inc
Fresh Meadows, NY
Industry PPP Comparison Statistics
Nationwide, 22,633 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B 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 38 employees, 80% lower than St Francis Preparatory School's reported 192 employees, and received an average PPP loan of $324,642, 91% lower than this company's loan of $3.55M.
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. Estimations for informational purposes only. 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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