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PPP Loan Data — Antelope Valley Learning Academy Inc, Lancaster, CA

SBA PPP loan data, payroll data, and salaries for Antelope Valley Learning Academy Inc
CA Nonprofit Organization

Antelope Valley Learning Academy Inc

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Lancaster, CA

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Antelope Valley Learning Academy Inc is a non-profit organization located at 177 Holston Dr in Lancaster, California that received a Coronavirus-related PPP loan from the SBA of $7,810,201.00 in April, 2020.

The company has reported itself as a female owned non-profit, and employed at least 478 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$7.81M

Jobs Retained:

478

Loan Approved:

2020-04-13

Lender:

HANMI BANK

Antelope Valley Learning Academy Inc in Lancaster, CA received a Paycheck Protection Loan of $7.81M through HANMI BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Antelope Valley Learning Academy Inc's total 2019 payroll expenses were approximately $37.49M in order to qualify for the PPP loan amount received.

Based on their reported 478 jobs retained, this equals an estimated average yearly compensation of $78,429 per employee1.

Because the loan received by Antelope Valley Learning Academy Inc 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 - Antelope Valley Learning Academy Inc in Lancaster, CA

Antelope Valley Learning Academy Inc
177 Holston Dr
Lancaster, CA 93535

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: CA-25

Similar Companies near Lancaster

In the Lancaster area, 15 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 478) and received an average PPP loan of $1,376,944 (compared to this company's $7.81M).

Industry PPP Comparison Statistics

Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 38 employees, 92% lower than Antelope Valley Learning Academy Inc's reported 478 employees, and received an average PPP loan of $379,166, 95% lower than this company's loan of $7.81M.

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.

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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/antelope-valley-learning-academy-inc-lancaster-ca