PPP Loan Data — Southern California University Of Health Sciences, Whittier, CA
Southern California University Of Health Sciences is a corporation located at 16200 Amber Valley Drive in Whittier, California that received a Coronavirus-related PPP loan from the SBA of $3,169,100.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least 445 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MUFG Union Bank, National Association
Southern California University Of Health Sciences in Whittier, CA received a Paycheck Protection Loan of $3.17M through MUFG Union Bank, National Association, 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, Southern California University Of Health Sciences' 2019 payroll expenses are estimated to be at least $15.21M.
Based on their reported 445 jobs retained, this equals an estimated average yearly compensation of $34,184 per employee1
Reported PPP Proceed Usage:
On the PPP application, Southern California University Of Health Sciences reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,169,100
Business Information - Southern California University Of Health Sciences in Whittier, CA
16200 Amber Valley Drive
Whittier, CA 90604
Colleges, Universities, and Professional Schools
NAICS code 611310
Business Owner Demographics
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,004 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $2.02B 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 81 employees, 82% lower than Southern California University Of Health Sciences' reported 445 employees, and received an average PPP loan of $672,900, 79% lower than this company's loan of $3.17M.
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Footnotes & Information
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