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PPP Loan Data — The Order Of St. Benedict Of New Jersey,
Morristown, NJ
The Order Of St. Benedict Of New Jersey
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Morristown, NJ
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The Order Of St. Benedict Of New Jersey is a non-profit organization located at 230 Mendham Road in Morristown, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,117,892.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
155Loan Approved:
2020-04-13Lender:
TD BANK, NATIONAL ASSOCIATIONThe Order Of St. Benedict Of New Jersey received a Paycheck Protection Loan of $3.12M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Order Of St. Benedict Of New Jersey's total 2019 payroll expenses were approximately $14.97M in order to qualify for the PPP loan amount received.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $96,554 per employee1.
Business Information - The Order Of St. Benedict Of New Jersey in Morristown, NJ
230 Mendham Road
Morristown, NJ 7960
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-11Similar Companies near Morristown
In the Morristown area, 10 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 155) and received an average PPP loan of $1,191,358 (compared to this company's $3.12M).
Similar Nearby Businesses Who Received PPP Funding:
The Peck School
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Windsor Prep Inc.
Morristown, NJ
Rabbinical College Of America
Morristown, NJ
Windsor Bergen Academy Inc.
Morristown, NJ
Academy Of St Elizabeth
Convent Station, NJ
The Red Oaks School
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Shepard School Inc.
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Morristown-Beard School
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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, 75% lower than The Order Of St. Benedict Of New Jersey's reported 155 employees, and received an average PPP loan of $379,166, 88% lower than this company's loan of $3.12M.
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.
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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