PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Lincoln, Oakland, CA

ALERT: There are 2 PPP loans for a total of $5.4M in our database for businesses with the name "Lincoln" in Oakland, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Lincoln
CA Nonprofit Organization

Lincoln

Entity: Non-profit Organization

Industry: Child and Youth Services

Location: Oakland, CA

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Lincoln is a non-profit organization located at 1266 14th St in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #4032338510

Loan Size:

$2M

Jobs Retained:

266

Loan Approved:

2021-02-25

Loan Status:

Ongoing Loan

Lender:

Itria Ventures LLC

Lincoln in Oakland, CA received a Paycheck Protection Loan of $2M through Itria Ventures LLC, which was approved in February, 2021.

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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Lincoln's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $36,090 per employee1

Reported PPP Proceed Usage:

On the PPP application, Lincoln reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,994
  • Utilities: $1
Because the loan received by Lincoln 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 - Lincoln in Oakland, CA

Lincoln
1266 14th St
Oakland, CA 94607

Business Industry:
Child and Youth Services
NAICS code 624110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Alameda County, CA — SBA Office 0912 — Congressional District: CA-13

Similar Companies near Oakland

In the Oakland area, 8 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 266) and received an average PPP loan of $379,500 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 14,413 businesses in the "Child and Youth Services" industry received a total of $1.94B 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 19 employees, 93% lower than Lincoln's reported 266 employees, and received an average PPP loan of $134,437, 93% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Lincoln
CA Nonprofit Organization

Lincoln

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Oakland, CA

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Lincoln is a non-profit organization located at 1266 14th Street in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $3,397,503.00 in May, 2020.

$ PPP Loan Information
Loan #4359757709

Loan Size:

$3.4M

Jobs Retained:

227

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Wells Fargo Bank, National Association

Lincoln in Oakland, CA received a Paycheck Protection Loan of $3.4M through Wells Fargo Bank, National Association, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Lincoln's 2019 payroll expenses are estimated to be at least $16.31M.

Based on their reported 227 jobs retained, this equals an estimated average yearly compensation of $71,841 per employee1

Reported PPP Proceed Usage:

On the PPP application, Lincoln reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,397,503
Because the loan received by Lincoln 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 - Lincoln in Oakland, CA

Lincoln
1266 14th Street
Oakland, CA 94607

Business Industry:
Outpatient Mental Health and Substance Abuse Centers
NAICS code 621420

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Alameda County, CA — SBA Office 0912 — Congressional District: CA-13

Similar Companies near Oakland

In the Oakland area, 3 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 227) and received an average PPP loan of $1,389,521 (compared to this company's $3.4M).

Industry PPP Comparison Statistics

Nationwide, 10,785 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1.82B 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 19 employees, 92% lower than Lincoln's reported 227 employees, and received an average PPP loan of $168,728, 95% lower than this company's loan of $3.4M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/lincoln-oakland-ca