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PPP Loan Data — The Hagedorn Little Village School, Seaford, NY

SBA PPP loan data, payroll data, and salaries for The Hagedorn Little Village School
NY Nonprofit Organization

The Hagedorn Little Village School

Entity: Non-profit Organization

Industry: All Other Miscellaneous Schools and Instruction

Location: Seaford, NY

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The Hagedorn Little Village School is a non-profit organization located at 750 Hicksville Road in Seaford, New York that received a Coronavirus-related PPP loan from the SBA of $3,211,985.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.21M

Jobs Retained:

414

Loan Approved:

2020-04-13

Lender:

TD BANK, NATIONAL ASSOCIATION

The Hagedorn Little Village School received a Paycheck Protection Loan of $3.21M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Hagedorn Little Village School's total 2019 payroll expenses were approximately $15.42M in order to qualify for the PPP loan amount received.

Based on their reported 414 jobs retained, this equals an estimated average yearly compensation of $37,240 per employee1.

Because the loan received by The Hagedorn Little Village School is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Hagedorn Little Village School in Seaford, NY

The Hagedorn Little Village School
750 Hicksville Road
Seaford, NY 11783

Business Industry

All Other Miscellaneous Schools and Instruction (NAICS code 611699)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-02

Similar Companies near Seaford

In the Seaford area, 3 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 142 employees (compared to this company's 414) and received an average PPP loan of $1,095,121 (compared to this company's $3.21M).

Industry PPP Comparison Statistics

Nationwide, 14,482 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $986,137,091.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 98% lower than The Hagedorn Little Village School's reported 414 employees, and received an average PPP loan of $68,094, 98% lower than this company's loan of $3.21M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/the-hagedorn-little-village-school-seaford-ny