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PPP Loan Data — Total Education Solutions, Inc.,
S Pasadena, 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:
Jobs Retained:
500Loan Approved:
2020-04-28Lender:
PACIFIC PREMIER BANKTotal 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.
Business Information - Total Education Solutions, Inc. in S Pasadena, CA
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-27Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Booty Barre Inc
S Pasadena, CA
US & China Cultural & Education Exchange Association
South Pasadena, CA
Colledge LLC
South Pasadena, CA
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.
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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