Lutheran Secondary School Association Of Clark County, Nevad in Las Vegas, NV - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Lutheran Secondary School Association Of Clark County, Nevad, Las Vegas, NV

Lutheran Secondary School Association Of Clark County, Nevad

Entity: Corporation

Industry: Elementary and Secondary Schools

Location: Las Vegas, NV

Lutheran Secondary School Association Of Clark County, Nevad is a corporation located at 2015 S Hualapai Way in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,802,847.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.8M

Jobs Retained:

202

Loan Approved:

2020-04-06

Lender:

BBVA USA

Lutheran Secondary School Association Of Clark County, Nevad received a Paycheck Protection Loan of $2.8M through BBVA USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lutheran Secondary School Association Of Clark County, Nevad's total 2019 payroll expenses were approximately $13.45M in order to qualify for the PPP loan amount received.

Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $66,602 per employee¹.

Because the loan received by Lutheran Secondary School Association Of Clark County, Nevad 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 - Lutheran Secondary School Association Of Clark County, Nevad in Las Vegas, NV

Lutheran Secondary School Association Of Clark County, Nevad
2015 S Hualapai Way
Las Vegas, NV 89117

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NV-03

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, 81% lower than Lutheran Secondary School Association Of Clark County, Nevad's reported 202 employees, and received an average PPP loan of $379,166, 86% lower than this company's loan of $2.8M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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.

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