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PPP Loan Data — La Sierra University, Riverside, CA

SBA PPP loan data, payroll data, and salaries for La Sierra University
CA Nonprofit Organization

La Sierra University

Entity: Non-profit Organization

Industry: Colleges, Universities, and Professional Schools

Location: Riverside, CA

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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

Loan Size:

$5.64M

Jobs Retained:

308

Loan Approved:

2020-08-07

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.

Because the loan received by La Sierra University 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 - La Sierra University in Riverside, CA

La Sierra University
4500 Riverwalk Pkwy
Riverside, CA 92505

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional 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).

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.

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, and is published unmodified, as provided by the SBA.

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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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Source: www.federalpay.org/paycheck-protection-program/la-sierra-university-riverside-ca