PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — St Martin's Episcopal School, Metairie, LA

ALERT: There are 2 PPP loans for a total of $3.27M in our database for businesses with the name "St Martin's Episcopal School" in Metairie, LA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for St Martin's Episcopal School
LA Nonprofit Organization

St Martin's Episcopal School

Entity: 501(c)3 – Non Profit

Industry: Elementary and Secondary Schools

Location: Metairie, LA

Search All PPP Data

St Martin's Episcopal School is a 501(c)3 – non profit located at 225 Green Acres Rd in Metairie, Louisiana that received a Coronavirus-related PPP loan from the SBA of $1,612,265.00 in March, 2021.

$ PPP Loan Information
Loan #7624768605

Loan Size:

$1.61M

Jobs Retained:

137

Loan Approved:

2021-03-24

Loan Status:

Ongoing Loan

Lender:

First Horizon Bank

St Martin's Episcopal School in Metairie, LA received a Paycheck Protection Loan of $1.61M through First Horizon Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, St Martin's Episcopal School's 2019 payroll expenses are estimated to be at least $7.74M.

Based on their reported 137 jobs retained, this equals an estimated average yearly compensation of $56,488 per employee1

Reported PPP Proceed Usage:

On the PPP application, St Martin's Episcopal School reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,612,263
  • Utilities: $1

Business Information - St Martin's Episcopal School in Metairie, LA

St Martin's Episcopal School
225 Green Acres Rd
Metairie, LA 70003

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

Jefferson County, LA — SBA Office 0679 — Congressional District: LA-01

Similar Companies near Metairie

In the Metairie area, 8 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 137) and received an average PPP loan of $629,030 (compared to this company's $1.61M).

Industry PPP Comparison Statistics

Nationwide, 22,714 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, 72% lower than St Martin's Episcopal School's reported 137 employees, and received an average PPP loan of $323,643, 80% lower than this company's loan of $1.61M.

SBA PPP loan data, payroll data, and salaries for St Martin's Episcopal School
LA Nonprofit Organization

St Martin's Episcopal School

Entity: 501(c)3 – Non Profit

Industry: Elementary and Secondary Schools

Location: Metairie, LA

Search All PPP Data

St Martin's Episcopal School is a 501(c)3 – non profit located at 225 Green Acres Rd in Metairie, Louisiana that received a Coronavirus-related PPP loan from the SBA of $1,657,828.00 in April, 2020.

$ PPP Loan Information
Loan #1147937110

Loan Size:

$1.66M

Jobs Retained:

137

Loan Approved:

2020-04-09

Loan Status:

Ongoing Loan

Lender:

First Horizon Bank

St Martin's Episcopal School in Metairie, LA received a Paycheck Protection Loan of $1.66M through First Horizon Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, St Martin's Episcopal School's 2019 payroll expenses are estimated to be at least $7.96M.

Based on their reported 137 jobs retained, this equals an estimated average yearly compensation of $58,084 per employee1

Reported PPP Proceed Usage:

On the PPP application, St Martin's Episcopal School reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,657,828

Business Information - St Martin's Episcopal School in Metairie, LA

St Martin's Episcopal School
225 Green Acres Rd
Metairie, LA 70003

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

Jefferson County, LA — SBA Office 0679 — Congressional District: LA-01

Similar Companies near Metairie

In the Metairie area, 8 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 137) and received an average PPP loan of $629,030 (compared to this company's $1.66M).

Industry PPP Comparison Statistics

Nationwide, 22,714 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, 72% lower than St Martin's Episcopal School's reported 137 employees, and received an average PPP loan of $323,643, 80% lower than this company's loan of $1.66M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/st-martins-episcopal-school-metairie-la