PPP Loan Data — Teaching And Learning Collaborative, Worthington, OH
Teaching And Learning Collaborative is a non-profit organization located at 200 E Wilson Bridge Rd Ste 312 in Worthington, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
The company has reported itself as a White female owned non-profit, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Commonwealth Bank
Teaching And Learning Collaborative in Worthington, OH received a Paycheck Protection Loan of $25,500 through First Commonwealth Bank, 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 March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Teaching And Learning Collaborative's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, Teaching And Learning Collaborative reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Teaching And Learning Collaborative in Worthington, OH
200 E Wilson Bridge Rd Ste 312
Worthington, OH 43085
Exam Preparation and Tutoring
NAICS code 611691
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 10,564 businesses in the "Exam Preparation and Tutoring" industry received a total of $359.15M 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 7 employees, 133% higher than Teaching And Learning Collaborative's reported 3 employees, and received an average PPP loan of $33,998, 33% higher than this company's loan of $25,500.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!