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PPP Loan Data — Sacred Heart Cathedral Preparatory, San Francisco, CA

SBA PPP loan data, payroll data, and salaries for Sacred Heart Cathedral Preparatory
CA Nonprofit Organization

Sacred Heart Cathedral Preparatory

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: San Francisco, CA

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Sacred Heart Cathedral Preparatory is a non-profit organization located at 1055 Ellis Street in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $3,026,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.03M

Jobs Retained:

211

Loan Approved:

2020-04-15

Lender:

BANK OF SAN FRANCISCO

Sacred Heart Cathedral Preparatory received a Paycheck Protection Loan of $3.03M through BANK OF SAN FRANCISCO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sacred Heart Cathedral Preparatory's total 2019 payroll expenses were approximately $14.53M in order to qualify for the PPP loan amount received.

Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $68,840 per employee1.

Because the loan received by Sacred Heart Cathedral Preparatory 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 - Sacred Heart Cathedral Preparatory in San Francisco, CA

Sacred Heart Cathedral Preparatory
1055 Ellis Street
San Francisco, CA 94109

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 7 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 211) and received an average PPP loan of $828,906 (compared to this company's $3.03M).

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, 82% lower than Sacred Heart Cathedral Preparatory's reported 211 employees, and received an average PPP loan of $379,166, 87% lower than this company's loan of $3.03M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sacred-heart-cathedral-preparatory-san-francisco-ca