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PPP Loan Data — The Packer Collegiate Institute,
Brooklyn, NY
The Packer Collegiate Institute
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Brooklyn, NY
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The Packer Collegiate Institute is a non-profit organization located at 170 Joralemon St. in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $5,425,162.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
267Loan Approved:
2020-04-14Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONThe Packer Collegiate Institute in Brooklyn, NY received a Paycheck Protection Loan of $5.43M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Packer Collegiate Institute's total 2019 payroll expenses were approximately $26.04M in order to qualify for the PPP loan amount received.
Based on their reported 267 jobs retained, this equals an estimated average yearly compensation of $97,531 per employee1.
Business Information - The Packer Collegiate Institute in Brooklyn, NY
170 Joralemon St.
Brooklyn, NY 11201
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-07Similar Companies near Brooklyn
In the Brooklyn area, 11 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 125 employees (compared to this company's 267) and received an average PPP loan of $2,111,397 (compared to this company's $5.43M).
Similar Nearby Businesses Who Received PPP Funding:
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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, 86% lower than The Packer Collegiate Institute's reported 267 employees, and received an average PPP loan of $379,166, 93% lower than this company's loan of $5.43M.
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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