PPP Loan Data — Ocean Grove Charter School, Placerville, CA
Ocean Grove Charter School is a non-profit organization located at 4535 Missouri Flat Rd in Placerville, California that received a Coronavirus-related PPP loan from the SBA of $2,443,137.00 in April, 2020.
$ PPP Loan Information
Lender:RIVER CITY BANK
Ocean Grove Charter School received a Paycheck Protection Loan of $2.44M through RIVER CITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ocean Grove Charter School's total 2019 payroll expenses were approximately $11.73M in order to qualify for the PPP loan amount received.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $76,647 per employee1.
Business Information - Ocean Grove Charter School in Placerville, CA
4535 Missouri Flat Rd
Placerville, CA 95667
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-04
Similar Companies near Placerville
In the Placerville area, 3 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 139 employees (compared to this company's 153) and received an average PPP loan of $2,278,711 (compared to this company's $2.44M).
Similar Nearby Businesses Who Received PPP Funding:
South Sutter Charter School
Sky Mountain Charter School
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, 75% lower than Ocean Grove Charter School's reported 153 employees, and received an average PPP loan of $379,166, 84% lower than this company's loan of $2.44M.
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Footnotes & Information
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