PPP Loan Data — EEC, Victorville, CA
EEC is a limited liability company (LLC) located at 15505 Civic Drive Suite A in Victorville, California that received a Coronavirus-related PPP loan from the SBA of $1,999,224.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fountainhead SBF LLC
EEC in Victorville, CA received a Paycheck Protection Loan of $2M through Fountainhead SBF LLC, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, EEC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 139 jobs retained, this equals an estimated average yearly compensation of $69,038 per employee1
Reported PPP Proceed Usage:
On the PPP application, EEC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,224
Business Information - EEC in Victorville, CA
15505 Civic Drive Suite A
Victorville, CA 92392
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
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, 73% lower than EEC's reported 139 employees, and received an average PPP loan of $323,643, 84% lower than this company's loan of $2M.
FederalPay's PPP Information Policy
Footnotes & Information
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