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PPP Loan Data — Antelope Valley Learning Academy Inc,
Lancaster, CA
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:
Jobs Retained:
478Loan Approved:
2020-04-13Lender:
HANMI BANKAntelope 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.
Business Information - Antelope Valley Learning Academy Inc in Lancaster, CA
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-25Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Academy For Advancement Of Children With Autism, Inc
Lancaster, CA
Lifelong Learning Admistrative Corporation
Lancaster, CA
Destiny Performing Arts And Learning Academy
Lancaster, CA
Mission View Public Charter, Inc.
Lancaster, CA
Sierra Educational Advancement Corporation
Lancaster, CA
Alta Vista Public Charter, Inc.
Lancaster, CA
Vista Real Public Charter, Inc.
Lancaster, CA
Diego Plus Education Corporation
Lancaster, CA
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.
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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