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PPP Loan Data — New Horizons-Serving Individuals With S, North Hills, CA

SBA PPP loan data, payroll data, and salaries for New Horizons-Serving Individuals With S
CA Nonprofit Organization

New Horizons-Serving Individuals With S

Entity: Non-profit Organization

Industry: Computer Training

Location: North Hills, CA

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New Horizons-Serving Individuals With S is a non-profit organization located at 15725 Parthenia Street in North Hills, California that received a Coronavirus-related PPP loan from the SBA of $2,620,553.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.62M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-01

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

New Horizons-Serving Individuals With S in North Hills, CA received a Paycheck Protection Loan of $2.62M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, New Horizons-Serving Individuals With S's total 2019 payroll expenses were approximately $12.58M in order to qualify for the PPP loan amount received.

Unlike most businesses, New Horizons-Serving Individuals With S's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by New Horizons-Serving Individuals With S 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 - New Horizons-Serving Individuals With S in North Hills, CA

New Horizons-Serving Individuals With S
15725 Parthenia Street
North Hills, CA 91343

Business Industry

Computer Training (NAICS code 611420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-29

Similar Companies near North Hills

In the North Hills area, 2 businesses in the "Computer Training" industry received a PPP loan. These local businesses reported an average of 0 employees (compared to this company's 0) and received an average PPP loan of $1,314,157 (compared to this company's $2.62M).

Similar Nearby Businesses Who Received PPP Funding:

3D Space Pro
Granada Hills, CA

$7,760 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 927 businesses in the "Computer Training" industry received a total of $92,590,498.00 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 7 employees, and received an average PPP loan of $99,882, 96% lower than this company's loan of $2.62M.

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/new-horizons-serving-individuals-with-s-north-hills-ca