PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Lubbock Christian University, Lubbock, TX

SBA PPP loan data, payroll data, and salaries for Lubbock Christian University
TX Nonprofit Organization

Lubbock Christian University

Entity: Non-profit Organization

Industry: All Other Miscellaneous Schools and Instruction

Location: Lubbock, TX

Search All PPP Data

Lubbock Christian University is a non-profit organization located at 5601 19th St in Lubbock, Texas that received a Coronavirus-related PPP loan from the SBA of $3,906,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.91M

Jobs Retained:

321

Loan Approved:

2020-04-07

Lender:

PROSPERITY BANK

Lubbock Christian University in Lubbock, TX received a Paycheck Protection Loan of $3.91M through PROSPERITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lubbock Christian University's total 2019 payroll expenses were approximately $18.75M in order to qualify for the PPP loan amount received.

Based on their reported 321 jobs retained, this equals an estimated average yearly compensation of $58,419 per employee1.

Because the loan received by Lubbock Christian 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 - Lubbock Christian University in Lubbock, TX

Lubbock Christian University
5601 19th St
Lubbock, TX 79407

Business Industry

All Other Miscellaneous Schools and Instruction (NAICS code 611699)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-19

Industry PPP Comparison Statistics

Nationwide, 14,482 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $986,137,091.00 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 9 employees, 97% lower than Lubbock Christian University's reported 321 employees, and received an average PPP loan of $68,094, 98% lower than this company's loan of $3.91M.

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.

Search FederalPay's Full PPP Loan Database

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!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/lubbock-christian-university-lubbock-tx