PPP Loan Data — Project Prepare LLC, Oakland, CA
Project Prepare LLC is a self-employed individual located at 873 Aileen Street in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $47,075.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Project Prepare LLC in Oakland, CA received a Paycheck Protection Loan of $47,075 through Customers Bank, which was approved in June, 2020.
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, Project Prepare LLC's 2019 payroll expenses are estimated to be at least $225,960.
Based on their reported 25 jobs retained, this equals an estimated average yearly compensation of $9,038 per employee1
Reported PPP Proceed Usage:
On the PPP application, Project Prepare LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,075
Business Information - Project Prepare LLC in Oakland, CA
873 Aileen Street
Oakland, CA 94608
All Other Miscellaneous Schools and Instruction
NAICS code 611699
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 21 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 25) and received an average PPP loan of $37,638 (compared to this company's $47,075).
Similar Nearby Businesses Who Received PPP Funding:
Diana Jennifer Stasko
Chang Wei Liang
Creative Adaptive Thinking LLC
HIP Hop For Change
The Circling Institute LLC
Industry PPP Comparison Statistics
Nationwide, 28,242 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $1.52B 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 9 employees, 64% lower than Project Prepare LLC's reported 25 employees, and received an average PPP loan of $53,678, 14% higher than this company's loan of $47,075.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!