PPP Loan Data — Community Initiatives, Oakland, CA
Community Initiatives is a corporation located at 1000 Broadway Suite 480 in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $2,531,451.00 in April, 2020.
$ PPP Loan Information
Lender:MUFG UNION BANK, NATIONAL ASSOCIATION
Community Initiatives received a Paycheck Protection Loan of $2.53M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Community Initiatives' total 2019 payroll expenses were approximately $12.15M in order to qualify for the PPP loan amount received.
Based on their reported 183 jobs retained, this equals an estimated average yearly compensation of $66,399 per employee1.
Business Information - Community Initiatives in Oakland, CA
1000 Broadway Suite 480
Oakland, CA 94607
Other Grantmaking and Giving Services (NAICS code 813219)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-13
Similar Companies near Oakland
In the Oakland area, 5 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 183) and received an average PPP loan of $748,405 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
Behavioral Intervention Association
Housing And Economic Rights Advocates
The Workers Lab
Not For Sale Fund
Industry PPP Comparison Statistics
Nationwide, 6,269 businesses in the "Other Grantmaking and Giving Services" industry received a total of $998,645,047.00 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 16 employees, 91% lower than Community Initiatives' reported 183 employees, and received an average PPP loan of $159,299, 94% lower than this company's loan of $2.53M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!