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PPP Loan Data — Caliber Public Schools, Richmond, CA

SBA PPP loan data, payroll data, and salaries for Caliber Public Schools
CA Nonprofit Organization

Caliber Public Schools

Entity: Non-profit Organization

Industry: School and Employee Bus Transportation

Location: Richmond, CA

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Caliber Public Schools is a non-profit organization located at 3260 Blume Dr Ste 120 in Richmond, California that received a Coronavirus-related PPP loan from the SBA of $2,499,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.5M

Jobs Retained:

189

Loan Approved:

2020-04-12

Lender:

FIRST REPUBLIC BANK

Caliber Public Schools in Richmond, CA received a Paycheck Protection Loan of $2.5M through FIRST REPUBLIC BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Caliber Public Schools' total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.

Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $63,474 per employee1.

Because the loan received by Caliber Public Schools 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 - Caliber Public Schools in Richmond, CA

Caliber Public Schools
3260 Blume Dr Ste 120
Richmond, CA 94806

Business Industry

School and Employee Bus Transportation (NAICS code 485410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-11

Industry PPP Comparison Statistics

Nationwide, 1,324 businesses in the "School and Employee Bus Transportation" industry received a total of $291,070,688.00 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 35 employees, 81% lower than Caliber Public Schools' reported 189 employees, and received an average PPP loan of $219,842, 91% lower than this company's loan of $2.5M.

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, 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/caliber-public-schools-richmond-ca