PPP Loan Data — Learning With A Difference, Inc. (Westmark School), Encino, CA
Learning With A Difference, Inc. (Westmark School) is a non-profit organization located at 5461 Louise Ave in Encino, California that received a Coronavirus-related PPP loan from the SBA of $1,716,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:CRF Small Business Loan Company, LLC
Learning With A Difference, Inc. (Westmark School) in Encino, CA received a Paycheck Protection Loan of $1.72M through CRF Small Business Loan Company, LLC, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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, Learning With A Difference, Inc. (Westmark School)'s 2019 payroll expenses are estimated to be at least $8.24M.
Based on their reported 95 jobs retained, this equals an estimated average yearly compensation of $86,708 per employee1
Reported PPP Proceed Usage:
On the PPP application, Learning With A Difference, Inc. (Westmark School) reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,716,100
Business Information - Learning With A Difference, Inc. (Westmark School) in Encino, CA
5461 Louise Ave
Encino, CA 91316
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Encino
In the Encino area, 15 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 95) and received an average PPP loan of $505,089 (compared to this company's $1.72M).
Similar Nearby Businesses Who Received PPP Funding:
Bbh8 Investments Inc
Bbh8 Investments II, Inc
Our Lady Of Grace School
Full Body Hug, Inc
Jemm Corporation II
M.e.m.l. Education, Inc
Crespi Carmelite High School, Inc
Manhattan Academy Inc
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, 60% lower than Learning With A Difference, Inc. (Westmark School)'s reported 95 employees, and received an average PPP loan of $323,643, 81% lower than this company's loan of $1.72M.
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Footnotes & Information
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