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PPP Loan Data — Stepping Stones Nursery School,
Danvers, MA
Stepping Stones Nursery School
Entity: Non-profit Organization
Industry: Child Day Care Services
Location: Danvers, MA
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Stepping Stones Nursery School is a non-profit organization located at 46 Cherry St in Danvers, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $13,285.00 in March, 2021.
The company has reported itself as a White female owned non-profit, and employed at least four people during the applicable loan loan period.
$
PPP Loan Information
Loan #7702298504
Loan Size:
Jobs Retained:
4Loan Approved:
2021-03-06Loan Status:
Paid in Full or ForgivenLender:
Manufacturers and Traders Trust CompanyStepping Stones Nursery School in Danvers, MA received a Paycheck Protection Loan of $13,285 through Manufacturers and Traders Trust Company, 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 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, Stepping Stones Nursery School's 2019 payroll expenses are estimated to be at least $63,768.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $15,942 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stepping Stones Nursery School reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $13,283
Business Information - Stepping Stones Nursery School in Danvers, MA
46 Cherry St
Danvers, MA 1923
Business Industry:
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Race: White
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Stepping Stones Nursery School.
All Saints Episcopal Church Of Ns Inc
Elementary and Secondary Schools
Similar Companies near Danvers
In the Danvers area, 27 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $38,977 (compared to this company's $13,285).
Similar Nearby Businesses Who Received PPP Funding:
Great Beginnings Learnin
Danvers, MA
Kids At Play Learning Center, LLC
Danvers, MA
Great Beginnings Learning School, Inc
Danvers, MA
Saint Paul Early Education Inc
Danvers, MA
Thelma Poitras DBA Thelma Poitras Day Care
Danvers, MA
Childrens Elc Of Danvers
Danvers, MA
Children Aboard Rainbow Express Corp
Danvers, MA
Lorraine Pacheco
Danvers, MA
Industry PPP Comparison Statistics
Nationwide, 128,936 businesses in the "Child Day Care Services" industry received a total of $5.47B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 100% higher than Stepping Stones Nursery School's reported 4 employees, and received an average PPP loan of $42,425, 219% higher than this company's loan of $13,285.
Stepping Stones Nursery School
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Danvers, MA
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Stepping Stones Nursery School is a non-profit organization located at 46 Cherry St in Danvers, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $20,012.00 in April, 2020.
$
PPP Loan Information
Loan #7898377008
Loan Size:
Jobs Retained:
5Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
Manufacturers and Traders Trust CompanyStepping Stones Nursery School in Danvers, MA received a Paycheck Protection Loan of $20,012 through Manufacturers and Traders Trust Company, which was approved in April, 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 April, 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, Stepping Stones Nursery School's 2019 payroll expenses are estimated to be at least $96,058.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $19,212 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stepping Stones Nursery School reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,012
Business Information - Stepping Stones Nursery School in Danvers, MA
46 Cherry St
Danvers, MA 1923
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
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Stepping Stones Nursery School.
All Saints Episcopal Church Of Ns Inc
Elementary and Secondary Schools
Similar Companies near Danvers
In the Danvers area, 6 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 133 employees (compared to this company's 5) and received an average PPP loan of $1,273,698 (compared to this company's $20,012).
Similar Nearby Businesses Who Received PPP Funding:
All Saints Episcopal Church Of Ns Inc
Danvers, MA
ST. John's Preparatory School
Danvers, MA
North Shore Dance Academy
Danvers, MA
Plumfield Academy Inc
Danvers, MA
Governor Dummer Academy
Byfield, MA
Industry PPP Comparison Statistics
Nationwide, 22,634 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, 660% higher than Stepping Stones Nursery School's reported 5 employees, and received an average PPP loan of $324,628, 1522% higher than this company's loan of $20,012.
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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