PPP Loan Data — Aspect Foundation Incorporated,
San Francisco, CA
Aspect Foundation Incorporated
Entity: Non-profit Organization
Industry: Educational Support Services
Location: San Francisco, CA

Aspect Foundation Incorporated is a non-profit organization located at 1201 Howard St Apt E in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $187,927.00 in February, 2021.
The company has reported itself as a White male owned non-profit, and employed at least thirteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #9013038402
Loan Size:
Jobs Retained:
13Loan Approved:
2021-02-14Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationAspect Foundation Incorporated in San Francisco, CA received a Paycheck Protection Loan of $187,927 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 October, 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 MoreUnderstanding 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 MoreBased 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, Aspect Foundation Incorporated's 2019 payroll expenses are estimated to be at least $902,050.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $69,388 per employee1
Reported PPP Proceed Usage:
On the PPP application, Aspect Foundation Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $187,924
- Utilities: $1
Business Information - Aspect Foundation Incorporated in San Francisco, CA
1201 Howard St Apt E
San Francisco, CA 94103
Business Industry:
Educational Support Services
NAICS code 611710
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near San Francisco
In the San Francisco area, 30 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 13) and received an average PPP loan of $458,427 (compared to this company's $187,927).
Similar Nearby Businesses Who Received PPP Funding:
Justin Sigars
San Francisco, CA
Brain Balance Holdings, Inc
San Francisco, CA
Amanda Martin
San Francisco, CA
Accent International
San Francisco, CA
Raise Labs Inc
San Francisco, CA
Steps Therapy, Inc
San Francisco, CA
French American International School
San Francisco, CA
Brightbytes, Inc
San Francisco, CA
Industry PPP Comparison Statistics
Nationwide, 38,234 businesses in the "Educational Support Services" industry received a total of $2.32B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 46% lower than Aspect Foundation Incorporated's reported 13 employees, and received an average PPP loan of $60,644, 68% lower than this company's loan of $187,927.
Aspect Foundation Incorporated
Entity: Non-profit Organization
Industry: Language Schools
Location: San Francisco, CA

Aspect Foundation Incorporated is a non-profit organization located at 250 Columbus Ave Ste 200 in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $270,428.00 in May, 2020.
The company has reported itself as a White male owned non-profit, and employed at least eleven people during the applicable loan loan period.
$
PPP Loan Information
Loan #1598827405
Loan Size:
Jobs Retained:
11Loan Approved:
2020-05-04Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationAspect Foundation Incorporated in San Francisco, CA received a Paycheck Protection Loan of $270,428 through Bank of America, National Association, which was approved in May, 2020.
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 June, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 11 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 13. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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 MoreUnderstanding 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 MoreBased 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, Aspect Foundation Incorporated's 2019 payroll expenses are estimated to be at least $1.3M (not accounting for salary amounts > $100k).
Because the 11 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Aspect Foundation Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $270,428
Business Information - Aspect Foundation Incorporated in San Francisco, CA
250 Columbus Ave Ste 200
San Francisco, CA 94133
Business Industry:
Language Schools
NAICS code 611630
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,641 businesses in the "Language Schools" industry received a total of $95.42M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 18% higher than Aspect Foundation Incorporated's reported 11 employees, and received an average PPP loan of $58,149, 78% lower than this company's loan of $270,428.
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.
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.
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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