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PPP Loan Data — Tustin Community Preschool Inc, Tustin, CA

SBA PPP loan data, payroll data, and salaries for Tustin Community Preschool Inc
CA Nonprofit Organization

Tustin Community Preschool Inc

Entity: Non-profit Childcare Center

Industry: Child Day Care Services

Location: Tustin, CA

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Tustin Community Preschool Inc is a non-profit childcare center located at 225 W Main St in Tustin, California that received a Coronavirus-related PPP loan from the SBA of $17,462.00 in February, 2021.

The company has reported itself as a White female owned non-profit, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #4565858505

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Bank of America, National Association

Tustin Community Preschool Inc in Tustin, CA received a Paycheck Protection Loan of $17,462 through Bank of America, National Association, which was approved in February, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Tustin Community Preschool Inc's 2019 payroll expenses are estimated to be at least $83,818.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $27,939 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tustin Community Preschool Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $17,461

Business Information - Tustin Community Preschool Inc in Tustin, CA

Tustin Community Preschool Inc
225 W Main St
Tustin, CA 92780

Business Industry:
Child Day Care Services
NAICS code 624410

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Orange County, CA — SBA Office 0920 — Congressional District: CA-45

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Tustin Community Preschool Inc.

Tustin Presbyterian Church
Religious Organizations

$70,444 PPP Loan

Similar Companies near Tustin

In the Tustin area, 28 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $29,458 (compared to this company's $17,462).

Industry PPP Comparison Statistics

Nationwide, 128,982 businesses in the "Child Day Care Services" industry received a total of $5.47B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 167% higher than Tustin Community Preschool Inc's reported 3 employees, and received an average PPP loan of $42,417, 143% higher than this company's loan of $17,462.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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