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PPP Loan Data — Bishop Alemany High School, Mission Hills, CA

ALERT: There are 2 PPP loans for a total of $3.54M in our database for businesses with the name "Bishop Alemany High School" in Mission Hills, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Bishop Alemany High School
CA Nonprofit Organization

Bishop Alemany High School

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Mission Hills, CA

Search All PPP Data

Bishop Alemany High School is a non-profit organization located at 11111 Alemany Dr in Mission Hills, California that received a Coronavirus-related PPP loan from the SBA of $1,720,302.00 in March, 2021.

$ PPP Loan Information
Loan #2104838704

Loan Size:

$1.72M

Jobs Retained:

116

Loan Approved:

2021-03-28

Loan Status:

Ongoing Loan

Lender:

Harvest Small Business Finance, LLC

Bishop Alemany High School in Mission Hills, CA received a Paycheck Protection Loan of $1.72M through Harvest Small Business Finance, LLC, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Bishop Alemany High School's 2019 payroll expenses are estimated to be at least $8.26M.

Based on their reported 116 jobs retained, this equals an estimated average yearly compensation of $71,185 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bishop Alemany High School reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,720,302

Business Information - Bishop Alemany High School in Mission Hills, CA

Bishop Alemany High School
11111 Alemany Dr
Mission Hills, CA 91345

Business Industry:
Elementary and Secondary Schools
NAICS code 611110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-29

Similar Companies near Mission Hills

In the Mission Hills area, 15 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 116) and received an average PPP loan of $1,184,902 (compared to this company's $1.72M).

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, 67% lower than Bishop Alemany High School's reported 116 employees, and received an average PPP loan of $323,643, 81% lower than this company's loan of $1.72M.

SBA PPP loan data, payroll data, and salaries for Bishop Alemany High School
CA Nonprofit Organization

Bishop Alemany High School

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Mission Hills, CA

Search All PPP Data

Bishop Alemany High School is a non-profit organization located at 11111 North Alemany Drive in Mission Hills, California that received a Coronavirus-related PPP loan from the SBA of $1,819,340.00 in April, 2020.

$ PPP Loan Information
Loan #4276377206

Loan Size:

$1.82M

Jobs Retained:

84

Loan Approved:

2020-04-27

Loan Status:

Ongoing Loan

Lender:

Harvest Small Business Finance, LLC
Likely Employment Reduction3

Bishop Alemany High School in Mission Hills, CA received a Paycheck Protection Loan of $1.82M through Harvest Small Business Finance, LLC, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 84 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 87. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Bishop Alemany High School's 2019 payroll expenses are estimated to be at least $8.73M (not accounting for salary amounts > $100k).

Because the 84 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Bishop Alemany High School reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,819,340

Business Information - Bishop Alemany High School in Mission Hills, CA

Bishop Alemany High School
11111 North Alemany Drive
Mission Hills, CA 91345

Business Industry:
Elementary and Secondary Schools
NAICS code 611110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-29

Similar Companies near Mission Hills

In the Mission Hills area, 15 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 84) and received an average PPP loan of $1,184,902 (compared to this company's $1.82M).

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, 55% lower than Bishop Alemany High School's reported 84 employees, and received an average PPP loan of $323,643, 82% lower than this company's loan of $1.82M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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Source: www.federalpay.org/paycheck-protection-program/bishop-alemany-high-school-mission-hills-ca