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PPP Loan Data — Total Education Solutions, Inc., S Pasadena, CA

SBA PPP loan data, payroll data, and salaries for Total Education Solutions, Inc.
CA

Total Education Solutions, Inc.

Entity: Sole Proprietorship

Industry: Educational Support Services

Location: S Pasadena, CA

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Total Education Solutions, Inc. is a sole proprietorship located at 625 Fair Oaks Ave in S Pasadena, California that received a Coronavirus-related PPP loan from the SBA of $5,142,855.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.14M

Jobs Retained:

500

Loan Approved:

2020-04-28

Lender:

PACIFIC PREMIER BANK

Total Education Solutions, Inc. received a Paycheck Protection Loan of $5.14M through PACIFIC PREMIER BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Total Education Solutions, Inc.'s total 2019 payroll expenses were approximately $24.69M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $49,371 per employee1.

Because the loan received by Total Education Solutions, Inc. 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 - Total Education Solutions, Inc. in S Pasadena, CA

Total Education Solutions, Inc.
625 Fair Oaks Ave
S Pasadena, CA 91030

Business Industry

Educational Support Services (NAICS code 611710)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-27

Similar Companies near S Pasadena

In the S Pasadena area, 4 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 126 employees (compared to this company's 500) and received an average PPP loan of $1,304,746 (compared to this company's $5.14M).

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, 98% lower than Total Education Solutions, Inc.'s reported 500 employees, and received an average PPP loan of $95,025, 98% lower than this company's loan of $5.14M.

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.

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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/total-education-solutions-inc-s-pasadena-ca