PPP Loan Data — Lifelong Learning Admistrative Corporation, Lancaster, CA
Lifelong Learning Admistrative Corporation is a non-profit organization located at 177 Holston Dr in Lancaster, California that received a Coronavirus-related PPP loan from the SBA of $4,622,794.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 287 people during the applicable loan loan period.
$ PPP Loan Information
Lifelong Learning Admistrative Corporation in Lancaster, CA received a Paycheck Protection Loan of $4.62M through HANMI BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lifelong Learning Admistrative Corporation's total 2019 payroll expenses were approximately $22.19M in order to qualify for the PPP loan amount received.
Based on their reported 287 jobs retained, this equals an estimated average yearly compensation of $77,315 per employee1.
Business Information - Lifelong Learning Admistrative Corporation in Lancaster, CA
177 Holston Dr
Lancaster, CA 93535
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CA-25
Similar Companies near Lancaster
In the Lancaster area, 15 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 287) and received an average PPP loan of $1,376,944 (compared to this company's $4.62M).
Similar Nearby Businesses Who Received PPP Funding:
Alta Vista Public Charter, Inc.
Grace Evangelical Church Of Lancaster, C
Destiny Performing Arts And Learning Academy
Life Source International School
Diego Plus Education Corporation
U.S. Learning Corporation
Academy For Advancement Of Children With Autism, Inc
Vista Real Public Charter, Inc.
Industry PPP Comparison Statistics
Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 87% lower than Lifelong Learning Admistrative Corporation's reported 287 employees, and received an average PPP loan of $379,166, 92% lower than this company's loan of $4.62M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!