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PPP Loan Data — School Apparel, Inc., Burlingame, CA

SBA PPP loan data, payroll data, and salaries for School Apparel, Inc.
CA

School Apparel, Inc.

Entity: Corporation

Industry: Men’s and Boys’ Cut and Sew Apparel Manufacturing

Location: Burlingame, CA

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School Apparel, Inc. is a corporation located at 838 Mitten Road in Burlingame, California that received a Coronavirus-related PPP loan from the SBA of $2,468,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.47M

Jobs Retained:

198

Loan Approved:

2020-04-28

Lender:

COMERICA BANK

School Apparel, Inc. in Burlingame, CA received a Paycheck Protection Loan of $2.47M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, School Apparel, Inc.'s total 2019 payroll expenses were approximately $11.85M in order to qualify for the PPP loan amount received.

Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $59,842 per employee1.

Because the loan received by School Apparel, Inc. 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 - School Apparel, Inc. in Burlingame, CA

School Apparel, Inc.
838 Mitten Road
Burlingame, CA 94010

Business Industry

Men’s and Boys’ Cut and Sew Apparel Manufacturing (NAICS code 315220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-14

Similar Companies near Burlingame

In the Burlingame area, 2 businesses in the "Men’s and Boys’ Cut and Sew Apparel Manufacturing" industry received a PPP loan. These local businesses reported an average of 99 employees (compared to this company's 198) and received an average PPP loan of $1,248,754 (compared to this company's $2.47M).

Similar Nearby Businesses Who Received PPP Funding:

Morning Glory
Burlingame, CA

$29,008 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 633 businesses in the "Men’s and Boys’ Cut and Sew Apparel Manufacturing" industry received a total of $90,985,899.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 15 employees, 92% lower than School Apparel, Inc.'s reported 198 employees, and received an average PPP loan of $143,738, 94% lower than this company's loan of $2.47M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/school-apparel-inc-burlingame-ca