PPP Loan Data — Wichita Catholic Secondary Schools, Wichita, KS
Wichita Catholic Secondary Schools is a non-profit childcare center located at 424 N Broadway Ave in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,135,600.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Wichita Catholic Secondary Schools in Wichita, KS received a Paycheck Protection Loan of $2.14M through CrossFirst Bank, 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, Wichita Catholic Secondary Schools' 2019 payroll expenses are estimated to be at least $10.25M.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $41,670 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wichita Catholic Secondary Schools reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,135,600
Business Information - Wichita Catholic Secondary Schools in Wichita, KS
424 N Broadway Ave
Wichita, KS 67202
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
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 Wichita Catholic Secondary Schools' reported 246 employees, and received an average PPP loan of $323,643, 85% lower than this company's loan of $2.14M.
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Footnotes & Information
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