PPP Loan Data — Lutheran High School Association Of Orange County, Orange, CA
Lutheran High School Association Of Orange County is a non-profit organization located at 2222 N Santiago Blvd in Orange, California that received a Coronavirus-related PPP loan from the SBA of $2,547,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lutheran High School Association Of Orange County in Orange, CA received a Paycheck Protection Loan of $2.55M through Umpqua Bank, which was approved in April, 2020.
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, Lutheran High School Association Of Orange County's 2019 payroll expenses are estimated to be at least $12.23M.
Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $34,936 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lutheran High School Association Of Orange County reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,547,400
Business Information - Lutheran High School Association Of Orange County in Orange, CA
2222 N Santiago Blvd
Orange, CA 92867
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 Orange
In the Orange area, 8 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 350) and received an average PPP loan of $460,961 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Far Horizons Montessori Inc
Primary Gas Solutions LLC
Unity Schools Socal
Tomorrow's Leadership Collaborative Charter School
JWM Global Education, Inc
E C E 4 Autism
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, 89% lower than Lutheran High School Association Of Orange County's reported 350 employees, and received an average PPP loan of $323,643, 87% lower than this company's loan of $2.55M.
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Footnotes & Information
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