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PPP Loan Data — Indian Health Center Of Santa Clara Valley, Inc., San Jose, CA

SBA PPP loan data, payroll data, and salaries for Indian Health Center Of Santa Clara Valley, Inc.
CA Nonprofit Organization

Indian Health Center Of Santa Clara Valley, Inc.

Entity: Non-profit Organization

Industry: Other Social Advocacy Organizations

Location: San Jose, CA

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Indian Health Center Of Santa Clara Valley, Inc. is a non-profit organization located at 1333 Meridian Ave in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $4,377,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.38M

Jobs Retained:

254

Loan Approved:

2020-04-28

Lender:

FIRST REPUBLIC BANK

Indian Health Center Of Santa Clara Valley, Inc. in San Jose, CA received a Paycheck Protection Loan of $4.38M through FIRST REPUBLIC BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Indian Health Center Of Santa Clara Valley, Inc.'s total 2019 payroll expenses were approximately $21.01M in order to qualify for the PPP loan amount received.

Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $82,721 per employee1.

Because the loan received by Indian Health Center Of Santa Clara Valley, Inc. 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 - Indian Health Center Of Santa Clara Valley, Inc. in San Jose, CA

Indian Health Center Of Santa Clara Valley, Inc.
1333 Meridian Ave
San Jose, CA 95125

Business Industry

Other Social Advocacy Organizations (NAICS code 813319)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-18

Similar Companies near San Jose

In the San Jose area, 6 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 254) and received an average PPP loan of $938,361 (compared to this company's $4.38M).

Industry PPP Comparison Statistics

Nationwide, 5,930 businesses in the "Other Social Advocacy Organizations" industry received a total of $1,048,421,927.00 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 17 employees, 93% lower than Indian Health Center Of Santa Clara Valley, Inc.'s reported 254 employees, and received an average PPP loan of $176,800, 96% lower than this company's loan of $4.38M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/indian-health-center-of-santa-clara-valley-inc-san-jose-ca