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PPP Loan Data — Del Mar Pines School,
San Diego, CA
Del Mar Pines School
Entity: Corporation
Industry: Elementary and Secondary Schools
Location: San Diego, CA
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Del Mar Pines School is a corporation located at 3975 Torrington St in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $328,518.00 in January, 2021.
$
PPP Loan Information
Loan #7746718305
Loan Size:
Jobs Retained:
26Loan Approved:
2021-01-28Loan Status:
Ongoing LoanLender:
Bank of Southern California, National AssociationDel Mar Pines School in San Diego, CA received a Paycheck Protection Loan of $328,518 through Bank of Southern California, National Association, which was approved in January, 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 MoreUnderstanding 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 MoreBased 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, Del Mar Pines School's 2019 payroll expenses are estimated to be at least $1.58M.
Based on their reported 26 jobs retained, this equals an estimated average yearly compensation of $60,649 per employee1
Reported PPP Proceed Usage:
On the PPP application, Del Mar Pines School reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $328,513
- Utilities: $1
Business Information - Del Mar Pines School in San Diego, CA
3975 Torrington St
San Diego, CA 92130
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
Similar Companies near San Diego
In the San Diego area, 13 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 26) and received an average PPP loan of $498,916 (compared to this company's $328,518).
Similar Nearby Businesses Who Received PPP Funding:
San Diego Jewish Academy
San Diego, CA
Catholic Secondary Education
San Diego, CA
Renaissance Village Academy, Inc
San Diego, CA
Scripps Montessori School
San Diego, CA
Monica Rodriguez
San Diego, CA
Torrey Pines High School Foundation, Inc
San Diego, CA
Start Volleyball LLC
San Diego, CA
Hicham Platini G. Soaf
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 21,362 businesses in the "Elementary and Secondary Schools" industry received a total of $7.15B 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 39 employees, 50% higher than Del Mar Pines School's reported 26 employees, and received an average PPP loan of $334,870, 2% higher than this company's loan of $328,518.
Del Mar Pines School
Entity: Corporation
Industry: Elementary and Secondary Schools
Location: San Diego, CA
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•
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Del Mar Pines School is a corporation located at 3975 Torrington St in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $314,400.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 22 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7950957003
Loan Size:
Jobs Retained:
22Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
Bank of Southern California, National AssociationDel Mar Pines School in San Diego, CA received a Paycheck Protection Loan of $314,400 through Bank of Southern California, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
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 MoreUnderstanding 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 MoreBased 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, Del Mar Pines School's 2019 payroll expenses are estimated to be at least $1.51M.
Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $68,596 per employee1
Reported PPP Proceed Usage:
On the PPP application, Del Mar Pines School reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $235,800
- Utilities: $78,600
Business Information - Del Mar Pines School in San Diego, CA
3975 Torrington St
San Diego, CA 92130
Business Industry:
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Diego
In the San Diego area, 13 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 22) and received an average PPP loan of $498,916 (compared to this company's $314,400).
Similar Nearby Businesses Who Received PPP Funding:
San Diego Jewish Academy
San Diego, CA
Catholic Secondary Education
San Diego, CA
Renaissance Village Academy, Inc
San Diego, CA
Scripps Montessori School
San Diego, CA
Monica Rodriguez
San Diego, CA
Torrey Pines High School Foundation, Inc
San Diego, CA
Start Volleyball LLC
San Diego, CA
Hicham Platini G. Soaf
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 21,362 businesses in the "Elementary and Secondary Schools" industry received a total of $7.15B 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 39 employees, 77% higher than Del Mar Pines School's reported 22 employees, and received an average PPP loan of $334,870, 7% higher than this company's loan of $314,400.
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.
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.
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