PPP Loan Data — Education For Change, Oakland, CA
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
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.
Business Information - Education For Change in Oakland, CA
333 Hegenberger Rd Ste 600
Oakland, CA 94621
Office Administrative Services (NAICS code 561110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
CLR Consulting LLC
JT2 Integrated Resources
CCH Management Company
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.
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!