PPP Loan Data — Galileo Learning LLC, Oakland, CA
Galileo Learning LLC is a limited liability company (LLC) located at 1021 3rd St in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $2,539,805.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:California Bank of Commerce
Galileo Learning LLC in Oakland, CA received a Paycheck Protection Loan of $2.54M through California Bank of Commerce, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Galileo Learning LLC's 2019 payroll expenses are estimated to be at least $12.19M.
Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $51,009 per employee1
Reported PPP Proceed Usage:
On the PPP application, Galileo Learning LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,539,805
Business Information - Galileo Learning LLC in Oakland, CA
1021 3rd St
Oakland, CA 94607
Educational Support Services
NAICS code 611710
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 35 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 239) and received an average PPP loan of $265,358 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
The Junior State Of America Foundation
Correia & Associates
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DR. Ben Bernstein Performance Psychologist PC
Moving Forward Institute
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Industry PPP Comparison Statistics
Nationwide, 39,474 businesses in the "Educational Support Services" industry received a total of $2.35B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 97% lower than Galileo Learning LLC's reported 239 employees, and received an average PPP loan of $59,417, 98% lower than this company's loan of $2.54M.
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Footnotes & Information
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