PPP Loan Data — Center For Employment Training, San Jose, CA
Center For Employment Training is a non-profit organization located at 701 Vine St in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $2,757,852.00 in April, 2020.
$ PPP Loan Information
Center For Employment Training in San Jose, CA received a Paycheck Protection Loan of $2.76M through FIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Center For Employment Training's total 2019 payroll expenses were approximately $13.24M in order to qualify for the PPP loan amount received.
Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $52,740 per employee1.
Business Information - Center For Employment Training in San Jose, CA
701 Vine St
San Jose, CA 95110
Vocational Rehabilitation Services (NAICS code 624310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-19
Similar Companies near San Jose
In the San Jose area, 2 businesses in the "Vocational Rehabilitation Services" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 251) and received an average PPP loan of $1,427,323 (compared to this company's $2.76M).
Similar Nearby Businesses Who Received PPP Funding:
Be Glad LLC
Be Glad Llc, CA
Industry PPP Comparison Statistics
Nationwide, 2,261 businesses in the "Vocational Rehabilitation Services" industry received a total of $613,000,241.00 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, 86% lower than Center For Employment Training's reported 251 employees, and received an average PPP loan of $271,119, 90% lower than this company's loan of $2.76M.
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.
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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