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PPP Loan Data — Western Educational Corporation,
Lancaster, CA
Western Educational Corporation
Entity: Non-profit Organization
Industry: All Other Miscellaneous Schools and Instruction
Location: Lancaster, CA
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Western Educational Corporation is a non-profit organization located at 177 Holston Dr. in Lancaster, California that received a Coronavirus-related PPP loan from the SBA of $6,186,000.00 in April, 2020.
The company has reported itself as a female owned non-profit, and employed at least 390 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
390Loan Approved:
2020-04-10Lender:
HANMI BANKWestern Educational Corporation received a Paycheck Protection Loan of $6.19M through HANMI BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Western Educational Corporation's total 2019 payroll expenses were approximately $29.69M in order to qualify for the PPP loan amount received.
Based on their reported 390 jobs retained, this equals an estimated average yearly compensation of $76,135 per employee1.
Business Information - Western Educational Corporation in Lancaster, CA
177 Holston Dr.
Lancaster, CA 93535
Business Industry
All Other Miscellaneous Schools and Instruction (NAICS code 611699)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: Unreported
Congressional District: CA-25Similar Companies near Lancaster
In the Lancaster area, 8 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 390) and received an average PPP loan of $799,061 (compared to this company's $6.19M).
Similar Nearby Businesses Who Received PPP Funding:
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All My Children Learning Institute
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Timothy Jay Lee
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Sunbeam LLC
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Small Wonders Day Care & Preschool Inc.
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Industry PPP Comparison Statistics
Nationwide, 14,482 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $986,137,091.00 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 Western Educational Corporation's reported 390 employees, and received an average PPP loan of $68,094, 99% lower than this company's loan of $6.19M.
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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