PPP Loan Data — Gurukool, Inc. DBA Tulip, Dublin, CA
Gurukool, Inc. DBA Tulip is a corporation located at 4078 Grafton St in Dublin, California that received a Coronavirus-related PPP loan from the SBA of $46,337.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Gurukool, Inc. DBA Tulip in Dublin, CA received a Paycheck Protection Loan of $46,337 through Bank of America, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Gurukool, Inc. DBA Tulip's 2019 payroll expenses are estimated to be at least $222,418.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,535 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gurukool, Inc. DBA Tulip reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,337
Business Information - Gurukool, Inc. DBA Tulip in Dublin, CA
4078 Grafton St
Dublin, CA 94568
All Other Miscellaneous Schools and Instruction
NAICS code 611699
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dublin
In the Dublin area, 17 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 12) and received an average PPP loan of $25,237 (compared to this company's $46,337).
Similar Nearby Businesses Who Received PPP Funding:
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Stockholm Learning, LLC
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Shir Martial Arts LLC
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Industry PPP Comparison Statistics
Nationwide, 28,242 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $1.52B 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 9 employees, 25% lower than Gurukool, Inc. DBA Tulip's reported 12 employees, and received an average PPP loan of $53,678, 16% higher than this company's loan of $46,337.
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Footnotes & Information
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