PPP Loan Data — The Walker School Inc, Marietta, GA
The Walker School Inc is a corporation located at 700 Cobb Pkwy N in Marietta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,475,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
The Walker School Inc in Marietta, GA received a Paycheck Protection Loan of $2.48M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
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 Walker School Inc's 2019 payroll expenses are estimated to be at least $11.88M.
Based on their reported 247 jobs retained, this equals an estimated average yearly compensation of $48,111 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Walker School Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,475,700
Business Information - The Walker School Inc in Marietta, GA
700 Cobb Pkwy N
Marietta, GA 30062
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 Marietta
In the Marietta area, 9 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 247) and received an average PPP loan of $413,431 (compared to this company's $2.48M).
Similar Nearby Businesses Who Received PPP Funding:
Sage Montessori Inc
MDE School Of East Cobb
Wood Acres Day School LLC
Bundle Of Joy LLC
William Macdanielleproperties Inc.,
East Cobb Children's Academy, LLC
Team GA Baseball Academy, LLC
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, 85% lower than The Walker School Inc's reported 247 employees, and received an average PPP loan of $323,643, 87% lower than this company's loan of $2.48M.
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Footnotes & Information
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