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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.
$ PPP Loan Information
Loan Size:
Jobs Retained:
321Loan Approved:
2020-04-09Lender:
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.
Based on standard PPP eligibility rules, The National World War II Museum, Inc's total 2019 payroll expenses were approximately $15.18M in order to qualify for the PPP loan amount received.
Based on their reported 321 jobs retained, this equals an estimated average yearly compensation of $47,293 per employee1.
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 / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: LA-02Similar Companies near New Orleans
In the New Orleans area, 10 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 321) and received an average PPP loan of $692,534 (compared to this company's $3.16M).
Similar Nearby Businesses Who Received PPP Funding:
World War II Theatre Inc
New Orleans, LA
Ogden Museum Of Southern Art
New Orleans, LA
Jonathan Ferrara Gallery LLC
New Orleans, LA
Contemporary Arts Center
New Orleans, LA
French Art Network LLC
New Orleans, LA
American Italian Renaissance Foundation
New Orleans, LA
George & Leah Mckenna Museum Of African American Art
New Orleans, LA
Kemper & Leila Williams Foundation
New Orleans, LA
Industry PPP Comparison Statistics
Nationwide, 4,135 businesses in the "Museums" industry received a total of $670,583,040.00 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 16 employees, 95% lower than The National World War II Museum, Inc's reported 321 employees, and received an average PPP loan of $162,172, 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, and is published unmodified, as provided by the SBA.
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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