PPP Loan Data — The Field School, Inc, Washington, DC
The Field School, Inc is a corporation located at 2301 Foxhall Road Nw in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $1,753,829.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Field School, Inc in Washington, DC received a Paycheck Protection Loan of $1.75M through Congressional 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 May, 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, The Field School, Inc's 2019 payroll expenses are estimated to be at least $8.42M.
Based on their reported 102 jobs retained, this equals an estimated average yearly compensation of $82,533 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Field School, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,753,829
Business Information - The Field School, Inc in Washington, DC
2301 Foxhall Road Nw
Washington, DC 20007
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 17 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 102) and received an average PPP loan of $795,441 (compared to this company's $1.75M).
Similar Nearby Businesses Who Received PPP Funding:
Aidan Montessori School
Georgetown Visitation Preparatory School
Edmund Burke School, Inc
Georgetown Montessori School Inc
Sheridan School Inc
The French Maternal School, Inc
Oyster Creative Activities Community Council Inc
Washington Studio School Inc
Industry PPP Comparison Statistics
Nationwide, 22,714 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, 63% lower than The Field School, Inc's reported 102 employees, and received an average PPP loan of $323,643, 82% lower than this company's loan of $1.75M.
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Footnotes & Information
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