PPP Loan Data — The Faison Center, Inc., Richmond, VA
The Faison Center, Inc. is a non-profit organization located at 1701 Byrd Ave in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,748,800.00 in April, 2020.
$ PPP Loan Information
The Faison Center, Inc. in Richmond, VA received a Paycheck Protection Loan of $2.75M through TOWNE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Faison Center, Inc.'s total 2019 payroll expenses were approximately $13.19M in order to qualify for the PPP loan amount received.
Based on their reported 340 jobs retained, this equals an estimated average yearly compensation of $38,807 per employee1.
Business Information - The Faison Center, Inc. in Richmond, VA
1701 Byrd Ave
Richmond, VA 23230
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-07
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, 89% lower than The Faison Center, Inc.'s reported 340 employees, and received an average PPP loan of $379,166, 86% lower than this company's loan of $2.75M.
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Footnotes & Information
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