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PPP Loan Data — Education For Change, Oakland, CA

SBA PPP loan data, payroll data, and salaries for Education For Change
CA Nonprofit Organization

Education For Change

Entity: Non-profit Organization

Industry: Office Administrative Services

Location: Oakland, CA

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Education For Change is a non-profit organization located at 333 Hegenberger Rd Ste 600 in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $5,259,080.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$5.26M

Jobs Retained:

410

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Education For Change received a Paycheck Protection Loan of $5.26M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Education For Change's total 2019 payroll expenses were approximately $25.24M in order to qualify for the PPP loan amount received.

Based on their reported 410 jobs retained, this equals an estimated average yearly compensation of $61,570 per employee1.

Because the loan received by Education For Change 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 - Education For Change in Oakland, CA

Education For Change
333 Hegenberger Rd Ste 600
Oakland, CA 94621

Business Industry

Office Administrative Services (NAICS code 561110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-13

Similar Companies near Oakland

In the Oakland area, 5 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 410) and received an average PPP loan of $1,679,028 (compared to this company's $5.26M).

Industry PPP Comparison Statistics

Nationwide, 18,417 businesses in the "Office Administrative Services" industry received a total of $1,762,719,177.00 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 Education For Change's reported 410 employees, and received an average PPP loan of $95,712, 98% lower than this company's loan of $5.26M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/education-for-change-oakland-ca