PPP Loan Data — Western Educational Corporation, Lancaster, CA
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
Western 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
All Other Miscellaneous Schools and Instruction (NAICS code 611699)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: CA-25
Similar 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:
Blessed Beginnings Child Care
Extensions Performing Arts Academy LLC
Curious Minds Preschool & Childcare LLC
All My Children Learning Institute
Timothy Jay Lee
Small Wonders Day Care & Preschool Inc.
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.
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Footnotes & Information
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