PPP Loan Data — The Summit Center, Inc., Getzville, NY
The Summit Center, Inc. is a non-profit organization located at 150 Stahl Road in Getzville, New York that received a Coronavirus-related PPP loan from the SBA of $4,674,100.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
The Summit Center, Inc. in Getzville, NY received a Paycheck Protection Loan of $4.67M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Summit Center, Inc.'s total 2019 payroll expenses were approximately $22.44M in order to qualify for the PPP loan amount received.
Based on their reported 462 jobs retained, this equals an estimated average yearly compensation of $48,562 per employee1.
Business Information - The Summit Center, Inc. in Getzville, NY
150 Stahl Road
Getzville, NY 14068
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-26
Similar Companies near Getzville
In the Getzville area, 2 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 232 employees (compared to this company's 462) and received an average PPP loan of $2,347,500 (compared to this company's $4.67M).
Similar Nearby Businesses Who Received PPP Funding:
Hot Corner Baseball Academy 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, 92% lower than The Summit Center, Inc.'s reported 462 employees, and received an average PPP loan of $379,166, 92% lower than this company's loan of $4.67M.
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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