PPP Loan Data — C2 Educational Systems, Inc., Duluth, GA
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
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.
Business Information - C2 Educational Systems, Inc. in Duluth, GA
6465 East Johns Crossing Suite 100
Duluth, GA 30097
Exam Preparation and Tutoring (NAICS code 611691)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
J Education LLC
Johns Creek, GA
Johns Creek, GA
C&K Edu, Inc
Academic Center For Excellence Inc
Peachtree Corners, GA
Highmarks Education LLC
Johns Creek, GA
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.
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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