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PPP Loan Data — International Training & Exchange Inc,
San Francisco, CA
International Training & Exchange Inc
Entity: Subchapter S Corporation
Industry: All Other Miscellaneous Schools and Instruction
Location: San Francisco, CA
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International Training & Exchange Inc is a subchapter s corporation located at 600 California St Fl10 in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $2,523,940.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
327Loan Approved:
2020-04-30Lender:
WEBBANKInternational Training & Exchange Inc in San Francisco, CA received a Paycheck Protection Loan of $2.52M through WEBBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, International Training & Exchange Inc's total 2019 payroll expenses were approximately $12.11M in order to qualify for the PPP loan amount received.
Based on their reported 327 jobs retained, this equals an estimated average yearly compensation of $37,049 per employee1.
Business Information - International Training & Exchange Inc in San Francisco, CA
600 California St Fl10
San Francisco, CA 94108
Business Industry
All Other Miscellaneous Schools and Instruction (NAICS code 611699)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-12Similar Companies near San Francisco
In the San Francisco area, 10 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 327) and received an average PPP loan of $423,769 (compared to this company's $2.52M).
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Industry PPP Comparison Statistics
Nationwide, 14,482 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $986,137,091.00 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, 97% lower than International Training & Exchange Inc's reported 327 employees, and received an average PPP loan of $68,094, 97% lower than this company's loan of $2.52M.
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.
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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