PPP Loan Data — The Paideia School Inc, Atlanta, GA
The Paideia School Inc is a non-profit organization located at 1509 S. Ponce De Leon Avenue in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,947,568.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
The Paideia School Inc in Atlanta, GA received a Paycheck Protection Loan of $3.95M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Paideia School Inc's total 2019 payroll expenses were approximately $18.95M in order to qualify for the PPP loan amount received.
Based on their reported 356 jobs retained, this equals an estimated average yearly compensation of $53,226 per employee1.
Business Information - The Paideia School Inc in Atlanta, GA
1509 S. Ponce De Leon Avenue
Atlanta, GA 30307
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-05
Similar Companies near Atlanta
In the Atlanta area, 9 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 356) and received an average PPP loan of $626,264 (compared to this company's $3.95M).
Similar Nearby Businesses Who Received PPP Funding:
Druid Hills Preschool Inc
International Preschools At Morningside, LLC
The Boyce L. Ansley School, Inc.
Connection School Of Atlanta
Cristo Rey Atlanta Jesuit High School Inc
The Little Middle School LLC
St Joseph Catholic School
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, 89% lower than The Paideia School Inc's reported 356 employees, and received an average PPP loan of $379,166, 90% lower than this company's loan of $3.95M.
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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