PPP Loan Data — Oakland Genesis Socccer Club Corporation, Oakland, CA
Oakland Genesis Socccer Club Corporation is a non-profit organization located at 638 Fairview St in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $24,939.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The MINT National Bank
Oakland Genesis Socccer Club Corporation in Oakland, CA received a Paycheck Protection Loan of $24,939 through The MINT National Bank, which was approved in April, 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 March, 2021.
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, Oakland Genesis Socccer Club Corporation's 2019 payroll expenses are estimated to be at least $119,707.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,854 per employee1
Reported PPP Proceed Usage:
On the PPP application, Oakland Genesis Socccer Club Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,939
Business Information - Oakland Genesis Socccer Club Corporation in Oakland, CA
638 Fairview St
Oakland, CA 94609
Educational Support Services
NAICS code 611710
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 23 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 2) and received an average PPP loan of $79,121 (compared to this company's $24,939).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 39,474 businesses in the "Educational Support Services" industry received a total of $2.35B 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 7 employees, 250% higher than Oakland Genesis Socccer Club Corporation's reported 2 employees, and received an average PPP loan of $59,417, 138% higher than this company's loan of $24,939.
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Footnotes & Information
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