PPP Loan Data — The Collegiate School, Henrico, VA
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
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
The 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
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-07
Similar 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
SBC Creative Learning Center LLC
Saint Mary Catholic School
The Richmond Montessori School Inc
Grove Christian School LLC
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.
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