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PPP Loan Data — C2 Educational Systems, Inc., Duluth, GA

SBA PPP loan data, payroll data, and salaries for C2 Educational Systems, Inc.
GA

C2 Educational Systems, Inc.

Entity: Corporation

Industry: Exam Preparation and Tutoring

Location: Duluth, GA

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C2 Educational Systems, Inc. is a corporation located at 6465 East Johns Crossing Suite 100 in Duluth, Georgia that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$10M

Jobs Retained:

500

Loan Approved:

2020-04-10

Lender:

PACIFIC MERCANTILE BANK

C2 Educational Systems, Inc. received a Paycheck Protection Loan of $10M through PACIFIC MERCANTILE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, C2 Educational Systems, Inc.'s total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.

Because the loan received by C2 Educational Systems, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - C2 Educational Systems, Inc. in Duluth, GA

C2 Educational Systems, Inc.
6465 East Johns Crossing Suite 100
Duluth, GA 30097

Business Industry

Exam Preparation and Tutoring (NAICS code 611691)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-06

Similar Companies near Duluth

In the Duluth area, 9 businesses in the "Exam Preparation and Tutoring" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 500) and received an average PPP loan of $1,118,081 (compared to this company's $10M).

Industry PPP Comparison Statistics

Nationwide, 3,705 businesses in the "Exam Preparation and Tutoring" industry received a total of $192,071,549.00 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 C2 Educational Systems, Inc.'s reported 500 employees, and received an average PPP loan of $51,841, 99% lower than this company's loan of $10M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/c2-educational-systems-inc-duluth-ga