Elementary and Secondary Schools

Businesses and organizations in the Elementary and Secondary Schools industry (NAICS code 6111, part of the Educational Services sector) received 22,634 PPP loans totaling $7.35B during the COVID-19 pandemic.

The average loan for this industry was $324,628 — above the national PPP average of approximately $67,000. This reflects the relatively large size of many businesses in this sector, which tend to have higher payroll costs and more employees.

97.5% of loans in this industry were forgiven — totaling $7.23B. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include KIPP NEW ORLEANS INC of NEW ORLEANS, LA ($10,000,000); RIVER SPRINGS CHARTER SCHOOL of TEMECULA, CA ($9,842,281); and ENDEAVOR SCHOOLS PARENT, LLC of MIAMI, FL ($9,112,219).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Educational Services sector — schools, colleges, universities, and training centers. — businesses in NAICS 6111 were particularly impacted by the pandemic-era shutdowns and capacity restrictions that drove many businesses to apply for emergency relief.