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PPP Loan Data — Lifelong Learning Admistrative Corporation,
Lancaster, CA
Lifelong Learning Admistrative Corporation
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Lancaster, CA
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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
Loan Size:
Jobs Retained:
287Loan Approved:
2020-04-13Lender:
HANMI BANKLifelong 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
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: CA-25Similar 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.
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Grace Evangelical Church Of Lancaster, C
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Destiny Performing Arts And Learning Academy
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Diego Plus Education Corporation
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U.S. Learning Corporation
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Academy For Advancement Of Children With Autism, Inc
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Vista Real Public Charter, Inc.
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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.
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