PPP Loan Data — La Sierra University, Riverside, CA
La Sierra University is a non-profit organization located at 4500 Riverwalk Pkwy in Riverside, California that received a Coronavirus-related PPP loan from the SBA of $5,635,300.00 in August, 2020.
The company has reported itself as a male owned non-profit, and employed at least 308 people during the applicable loan loan period.
$ PPP Loan Information
Lender:PACIFIC ENTERPRISE BANK
La Sierra University in Riverside, CA received a Paycheck Protection Loan of $5.64M through PACIFIC ENTERPRISE BANK, which was approved in August, 2020.
Based on standard PPP eligibility rules, La Sierra University's total 2019 payroll expenses were approximately $27.05M in order to qualify for the PPP loan amount received.
Based on their reported 308 jobs retained, this equals an estimated average yearly compensation of $87,823 per employee1.
Business Information - La Sierra University in Riverside, CA
4500 Riverwalk Pkwy
Riverside, CA 92505
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CA-41
Similar Companies near Riverside
In the Riverside area, 3 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 308) and received an average PPP loan of $1,908,850 (compared to this company's $5.64M).
Similar Nearby Businesses Who Received PPP Funding:
Best American Healthcare University
La Sierra Group
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 La Sierra University's reported 308 employees, and received an average PPP loan of $829,978, 85% lower than this company's loan of $5.64M.
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Footnotes & Information
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