PPP Loan Data — Webb School Of Knoxville, Inc, Knoxville, TN
Webb School Of Knoxville, Inc is a corporation located at 9800 Webb School Ln in Knoxville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,504,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Webb School Of Knoxville, Inc in Knoxville, TN received a Paycheck Protection Loan of $2.5M through Truist Bank d/b/a Branch Banking & Trust Co, 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 April, 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, Webb School Of Knoxville, Inc's 2019 payroll expenses are estimated to be at least $12.02M.
Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $53,672 per employee1
Reported PPP Proceed Usage:
On the PPP application, Webb School Of Knoxville, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,504,700
Business Information - Webb School Of Knoxville, Inc in Knoxville, TN
9800 Webb School Ln
Knoxville, TN 37923
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 Knoxville
In the Knoxville area, 10 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 224) and received an average PPP loan of $549,624 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Christian Academy Of Knoxville
Islamic Education Foundation Of Knoxville
Westland Children's Academy LLC
Concensio Collective, Inc
A & J Developing Futures II, LLC
Tate's School Of Discovery 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, 83% lower than Webb School Of Knoxville, Inc's reported 224 employees, and received an average PPP loan of $323,643, 87% lower than this company's loan of $2.5M.
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Footnotes & Information
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