PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — C-Two Group Inc, San Francisco, CA

ALERT: There are 2 PPP loans for a total of $229,594 in our database for businesses with the name "C-Two Group Inc" in San Francisco, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for C-Two Group Inc
CA

C-Two Group Inc

Entity: Subchapter S Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: San Francisco, CA

Search All PPP Data

C-Two Group Inc is a subchapter s corporation located at 268 Bush St # 3200 in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $127,715.00 in March, 2021.

$ PPP Loan Information
Loan #9842138601

Loan Size:

$127,715

Jobs Retained:

5

Loan Approved:

2021-03-26

Loan Status:

Active Un-Disbursed

Lender:

JPMorgan Chase Bank, National Association
Likely Employment Reduction3 PPP Funds Undisbursed

C-Two Group Inc in San Francisco, CA received a Paycheck Protection Loan of $127,715 through JPMorgan Chase Bank, National Association, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $127,715 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 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 5 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 6. 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 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, C-Two Group Inc's 2019 payroll expenses are estimated to be at least $613,032 (not accounting for salary amounts > $100k).

Because the 5 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, C-Two Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $127,714
  • Utilities: $1

Business Information - C-Two Group Inc in San Francisco, CA

C-Two Group Inc
268 Bush St # 3200
San Francisco, CA 94104

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

San Francisco County, CA — SBA Office 0912 — Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 70 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 5) and received an average PPP loan of $461,502 (compared to this company's $127,715).

Industry PPP Comparison Statistics

Nationwide, 76,144 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.3B 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 24 employees, 380% higher than C-Two Group Inc's reported 5 employees, and received an average PPP loan of $174,695, 37% higher than this company's loan of $127,715.

SBA PPP loan data, payroll data, and salaries for C-Two Group, Inc
CA

C-Two Group, Inc

Entity: Subchapter S Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: San Francisco, CA

Search All PPP Data

C-Two Group, Inc is a subchapter s corporation located at 268 Bush Street #3200 in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $101,879.00 in May, 2020.

$ PPP Loan Information
Loan #2329997700

Loan Size:

$101,879

Jobs Retained:

6

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

C-Two Group, Inc in San Francisco, CA received a Paycheck Protection Loan of $101,879 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, C-Two Group, Inc's 2019 payroll expenses are estimated to be at least $489,019.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $81,503 per employee1

Reported PPP Proceed Usage:

On the PPP application, C-Two Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $95,658
  • Health Care: $6,221

Business Information - C-Two Group, Inc in San Francisco, CA

C-Two Group, Inc
268 Bush Street #3200
San Francisco, CA 94104

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

San Francisco County, CA — SBA Office 0912 — Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 70 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 6) and received an average PPP loan of $461,502 (compared to this company's $101,879).

Industry PPP Comparison Statistics

Nationwide, 76,144 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.3B 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 24 employees, 300% higher than C-Two Group, Inc's reported 6 employees, and received an average PPP loan of $174,695, 71% higher than this company's loan of $101,879.

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. ยง 552 (Freedom of Information Act) and 5 U.S.C. ยง 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/c-two-group-inc-san-francisco-ca