PPP Loan Data — Hope International University, Fullerton, CA
Hope International University
Entity: Non-profit Organization
Industry: Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)
Location: Fullerton, CATweet This • Search All PPP Data
Hope International University is a non-profit organization located at 2500 E. Nutwood Ave. in Fullerton, California that received a Coronavirus-related PPP loan from the SBA of $2,795,000.00 in April, 2020.
$ PPP Loan Information
Hope International University received a Paycheck Protection Loan of $2.8M through HANMI BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hope International University's total 2019 payroll expenses were approximately $13.42M in order to qualify for the PPP loan amount received.
Based on their reported 458 jobs retained, this equals an estimated average yearly compensation of $29,293 per employee1.
Business Information - Hope International University in Fullerton, CA
2500 E. Nutwood Ave.
Fullerton, CA 92831
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-39
Similar Companies near Fullerton
In the Fullerton area, 4 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a PPP loan. These local businesses reported an average of 136 employees (compared to this company's 458) and received an average PPP loan of $809,688 (compared to this company's $2.8M).
Similar Nearby Businesses Who Received PPP Funding:
The Boys & Girls Club Of Fullerton
Fullerton Aquatics Sports Team Inc
White Glove Property Management, Inc.
Industry PPP Comparison Statistics
Nationwide, 5,649 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a total of $456,342,271.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 98% lower than Hope International University's reported 458 employees, and received an average PPP loan of $80,783, 97% lower than this company's loan of $2.8M.
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.
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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