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PPP Loan Data — The National World War II Museum, Inc,
New Orleans, LA
The National World War II Museum, Inc
Entity: Non-profit Organization
Industry: Museums
Location: New Orleans, LA
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The National World War II Museum, Inc is a non-profit organization located at 945 Magazine St in New Orleans, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,162,700.00 in April, 2020.
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PPP Loan Information
Loan #9040857008
Loan Size:
Jobs Retained:
321Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
Hancock Whitney BankThe National World War II Museum, Inc in New Orleans, LA received a Paycheck Protection Loan of $3.16M through Hancock Whitney 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 August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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 National World War II Museum, Inc's 2019 payroll expenses are estimated to be at least $15.18M.
Based on their reported 321 jobs retained, this equals an estimated average yearly compensation of $47,293 per employee1
Reported PPP Proceed Usage:
On the PPP application, The National World War II Museum, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,162,700
Business Information - The National World War II Museum, Inc in New Orleans, LA
945 Magazine St
New Orleans, LA 70130
Business Industry:
Museums
NAICS code 712110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as The National World War II Museum, Inc.
World War II Theatre Inc
Hotels (except Casino Hotels) and Motels
The National World War II
Museums
Similar Companies near New Orleans
In the New Orleans area, 16 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 321) and received an average PPP loan of $592,137 (compared to this company's $3.16M).
Similar Nearby Businesses Who Received PPP Funding:
Jonathan Ferrara Gallery LLC
New Orleans, LA
Contemporary Arts Center
New Orleans, LA
New Orleans Pharmacy Museum LTD
New Orleans, LA
The Ogden Museum Of Southern Art Inc
New Orleans, LA
George & Leah Mckenna Museum Of African American Art
New Orleans, LA
The American-Italian Renaissance Foundation Inc
New Orleans, LA
The National World War II
New Orleans, LA
French Art Network LLC
New Orleans, LA
World War II Theatre Inc
New Orleans, LA
Industry PPP Comparison Statistics
Nationwide, 7,165 businesses in the "Museums" industry received a total of $1.13B 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 18 employees, 94% lower than The National World War II Museum, Inc's reported 321 employees, and received an average PPP loan of $157,096, 95% lower than this company's loan of $3.16M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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