PPP Loan Data — Second Harvest Of Silicon Valley, San Jose, CA
Second Harvest Of Silicon Valley is a non-profit organization located at 750 Curtner Ave in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
$ PPP Loan Information
Second Harvest Of Silicon Valley received a Paycheck Protection Loan of $2.5M through SELF-HELP FCU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Second Harvest Of Silicon Valley's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $59,113 per employee1.
Business Information - Second Harvest Of Silicon Valley in San Jose, CA
750 Curtner Ave
San Jose, CA 95125
Community Food Services (NAICS code 624210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-19
Similar Companies near San Jose
In the San Jose area, 2 businesses in the "Community Food Services" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 203) and received an average PPP loan of $1,316,450 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
San Jose, CA
Industry PPP Comparison Statistics
Nationwide, 1,806 businesses in the "Community Food Services" industry received a total of $227,454,959.00 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, 93% lower than Second Harvest Of Silicon Valley's reported 203 employees, and received an average PPP loan of $125,944, 95% lower than this company's loan of $2.5M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!