PPP Loan Data — REX And Margaret Fortune School Of Education, Sacramento, CA
REX And Margaret Fortune School Of Education is a non-profit organization located at 2890 Gateway Oaks Dr in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $2,670,100.00 in April, 2020.
$ PPP Loan Information
REX And Margaret Fortune School Of Education in Sacramento, CA received a Paycheck Protection Loan of $2.67M through UMPQUA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, REX And Margaret Fortune School Of Education's total 2019 payroll expenses were approximately $12.82M in order to qualify for the PPP loan amount received.
Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $49,676 per employee1.
Business Information - REX And Margaret Fortune School Of Education in Sacramento, CA
2890 Gateway Oaks Dr
Sacramento, CA 95833
Educational Support Services (NAICS code 611710)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-06
Similar Companies near Sacramento
In the Sacramento area, 2 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 258) and received an average PPP loan of $1,535,140 (compared to this company's $2.67M).
Similar Nearby Businesses Who Received PPP Funding:
The Learning Accelerator
Industry PPP Comparison Statistics
Nationwide, 14,366 businesses in the "Educational Support Services" industry received a total of $1,365,122,225.00 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 REX And Margaret Fortune School Of Education's reported 258 employees, and received an average PPP loan of $95,025, 96% lower than this company's loan of $2.67M.
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Footnotes & Information
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