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PPP Loan Data — Variety Child Learning Center, Syosset, NY

SBA PPP loan data, payroll data, and salaries for Variety Child Learning Center
NY Nonprofit Organization

Variety Child Learning Center

Entity: Non-profit Organization

Industry: Educational Support Services

Location: Syosset, NY

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Variety Child Learning Center is a non-profit organization located at 47 Humphrey Drive in Syosset, New York that received a Coronavirus-related PPP loan from the SBA of $2,613,690.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.61M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-27

Lender:

CAPITAL ONE, NATIONAL ASSOCIATION

Variety Child Learning Center in Syosset, NY received a Paycheck Protection Loan of $2.61M through CAPITAL ONE, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Variety Child Learning Center's total 2019 payroll expenses were approximately $12.55M in order to qualify for the PPP loan amount received.

Unlike most businesses, Variety Child Learning Center's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Variety Child Learning Center is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Variety Child Learning Center in Syosset, NY

Variety Child Learning Center
47 Humphrey Drive
Syosset, NY 11791

Business Industry

Educational Support Services (NAICS code 611710)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-03

Similar Companies near Syosset

In the Syosset area, 7 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 0) and received an average PPP loan of $473,857 (compared to this company's $2.61M).

Industry PPP Comparison Statistics

Nationwide, 14,366 businesses in the "Educational Support Services" industry received a total of $1,365,122,225.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, and received an average PPP loan of $95,025, 96% lower than this company's loan of $2.61M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/variety-child-learning-center-syosset-ny