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PPP Loan Data — North County Center For Educational Development, Inc., San Diego, CA

SBA PPP loan data, payroll data, and salaries for North County Center For Educational Development, Inc.
CA

North County Center For Educational Development, Inc.

Entity: Corporation

Industry: Elementary and Secondary Schools

Location: San Diego, CA

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North County Center For Educational Development, Inc. is a corporation located at 11555 Clews Ranch Road in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $114,000.00 in April, 2020.

The company has reported itself as a Hispanic female owned business, and employed at least ten people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$114,000

Jobs Retained:

10

Loan Approved:

2020-04-28

Lender:

TRANSPORTATION ALLIANCE BANK, INC. D/B/A TAB BANK, INC.

North County Center For Educational Development, Inc. received a Paycheck Protection Loan of $114,000 through TRANSPORTATION ALLIANCE BANK, INC. D/B/A TAB BANK, INC., which was approved in April, 2020.

Based on standard PPP eligibility rules, North County Center For Educational Development, Inc.'s total 2019 payroll expenses were approximately $547,200 in order to qualify for the PPP loan amount received.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $54,720 per employee1.

Business Information - North County Center For Educational Development, Inc. in San Diego, CA

North County Center For Educational Development, Inc.
11555 Clews Ranch Road
San Diego, CA 92130

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-52

Similar Companies near San Diego

In the San Diego area, 9 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 10) and received an average PPP loan of $652,393 (compared to this company's $114,000).

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, 280% higher than North County Center For Educational Development, Inc.'s reported 10 employees, and received an average PPP loan of $379,166, 233% higher than this company's loan of $114,000.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/north-county-center-for-educational-development-inc-san-diego-ca