PPP Loan Data — The Order Of St. Benedict Of New Jersey, Morristown, NJ
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
Lender:TD BANK, NATIONAL ASSOCIATION
The 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
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-11
Similar 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
Windsor Prep Inc.
Rabbinical College Of America
Windsor Bergen Academy Inc.
Academy Of St Elizabeth
Convent Station, NJ
The Red Oaks School
Shepard School Inc.
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.
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Footnotes & Information
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