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PPP Loan Data — School Apparel, Inc.,
Burlingame, 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:
Jobs Retained:
198Loan Approved:
2020-04-28Lender:
COMERICA BANKSchool 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.
Business Information - School Apparel, Inc. in Burlingame, CA
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-14Similar 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
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.
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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