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PPP Loan Data — Lighthouse Community Charter Public Schools, Oakland, CA

SBA PPP loan data, payroll data, and salaries for Lighthouse Community Charter Public Schools
CA Nonprofit Organization

Lighthouse Community Charter Public Schools

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Oakland, CA

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Lighthouse Community Charter Public Schools is a non-profit organization located at 444 Hegenberger Rd in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $2,473,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.47M

Jobs Retained:

192

Loan Approved:

2020-04-11

Lender:

CRF SMALL BUSINESS LOAN COMPANY, LLC

Lighthouse Community Charter Public Schools in Oakland, CA received a Paycheck Protection Loan of $2.47M through CRF SMALL BUSINESS LOAN COMPANY, LLC, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lighthouse Community Charter Public Schools' total 2019 payroll expenses were approximately $11.87M in order to qualify for the PPP loan amount received.

Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $61,840 per employee1.

Because the loan received by Lighthouse Community Charter Public Schools 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 - Lighthouse Community Charter Public Schools in Oakland, CA

Lighthouse Community Charter Public Schools
444 Hegenberger Rd
Oakland, CA 94621

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-13

Similar Companies near Oakland

In the Oakland area, 3 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 192) and received an average PPP loan of $929,799 (compared to this company's $2.47M).

Industry PPP Comparison Statistics

Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 38 employees, 80% lower than Lighthouse Community Charter Public Schools' reported 192 employees, and received an average PPP loan of $379,166, 85% lower than this company's loan of $2.47M.

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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Source: www.federalpay.org/paycheck-protection-program/lighthouse-community-charter-public-schools-oakland-ca