PPP Loan Data — The Pepin Academies, Inc, Riverview, FL
The Pepin Academies, Inc is a non-profit organization located at 9304 Camden Field Parkway in Riverview, Florida that received a Coronavirus-related PPP loan from the SBA of $1,856,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Bank of Tampa
The Pepin Academies, Inc in Riverview, FL received a Paycheck Protection Loan of $1.86M through The Bank of Tampa, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, The Pepin Academies, Inc's 2019 payroll expenses are estimated to be at least $8.91M.
Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $44,999 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Pepin Academies, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,856,200
Business Information - The Pepin Academies, Inc in Riverview, FL
9304 Camden Field Parkway
Riverview, FL 33578
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Riverview
In the Riverview area, 6 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 198) and received an average PPP loan of $339,737 (compared to this company's $1.86M).
Similar Nearby Businesses Who Received PPP Funding:
Cuttingedge Learning Academy
Morning Glory Preschool Inc
Maya Interactive Education Inc
Industry PPP Comparison Statistics
Nationwide, 22,714 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 38 employees, 81% lower than The Pepin Academies, Inc's reported 198 employees, and received an average PPP loan of $323,643, 83% lower than this company's loan of $1.86M.
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Footnotes & Information
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