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PPP Loan Data — The Collegiate School,
Henrico, VA
The Collegiate School
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Henrico, VA
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The Collegiate School is a non-profit organization located at 103 N Mooreland Rd in Henrico, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,500,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
374Loan Approved:
2020-04-07Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COThe Collegiate School received a Paycheck Protection Loan of $4.5M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Collegiate School's total 2019 payroll expenses were approximately $21.6M in order to qualify for the PPP loan amount received.
Based on their reported 374 jobs retained, this equals an estimated average yearly compensation of $57,754 per employee1.
Business Information - The Collegiate School in Henrico, VA
103 N Mooreland Rd
Henrico, VA 23229
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-07Similar Companies near Henrico
In the Henrico area, 6 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 374) and received an average PPP loan of $1,067,845 (compared to this company's $4.5M).
Similar Nearby Businesses Who Received PPP Funding:
Our Lady Of Lourdes School
Henrico, VA
SBC Creative Learning Center LLC
Henrico, VA
Saint Mary Catholic School
Henrico, VA
The Richmond Montessori School Inc
Henrico, VA
Grove Christian School LLC
Richmond, VA
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, 90% lower than The Collegiate School's reported 374 employees, and received an average PPP loan of $379,166, 92% lower than this company's loan of $4.5M.
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.
Footnotes & Information
1. 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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