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PPP Loan Data — Keck Graduate Institute Of Applied Life Sciences, Claremont, CA

SBA PPP loan data, payroll data, and salaries for Keck Graduate Institute Of Applied Life Sciences
CA Nonprofit Organization

Keck Graduate Institute Of Applied Life Sciences

Entity: Non-profit Organization

Industry: Colleges, Universities, and Professional Schools

Location: Claremont, CA

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Keck Graduate Institute Of Applied Life Sciences is a non-profit organization located at 535 Watson Dr in Claremont, California that received a Coronavirus-related PPP loan from the SBA of $3,813,980.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.81M

Jobs Retained:

307

Loan Approved:

2020-04-13

Lender:

CITY NATIONAL BANK

Keck Graduate Institute Of Applied Life Sciences received a Paycheck Protection Loan of $3.81M through CITY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Keck Graduate Institute Of Applied Life Sciences' total 2019 payroll expenses were approximately $18.31M in order to qualify for the PPP loan amount received.

Based on their reported 307 jobs retained, this equals an estimated average yearly compensation of $59,632 per employee1.

Because the loan received by Keck Graduate Institute Of Applied Life Sciences is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Keck Graduate Institute Of Applied Life Sciences in Claremont, CA

Keck Graduate Institute Of Applied Life Sciences
535 Watson Dr
Claremont, CA 91711

Business Industry

Colleges, Universities, and Professional Schools (NAICS code 611310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-27

Similar Companies near Claremont

In the Claremont area, 5 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 108 employees (compared to this company's 307) and received an average PPP loan of $1,090,331 (compared to this company's $3.81M).

Industry PPP Comparison Statistics

Nationwide, 2,077 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $1,723,864,433.00 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 86 employees, 72% lower than Keck Graduate Institute Of Applied Life Sciences' reported 307 employees, and received an average PPP loan of $829,978, 78% lower than this company's loan of $3.81M.

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, 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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/keck-graduate-institute-of-applied-life-sciences-claremont-ca