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PPP Loan Data — Second Harvest Of Silicon Valley, San Jose, CA

SBA PPP loan data, payroll data, and salaries for Second Harvest Of Silicon Valley
CA Nonprofit Organization

Second Harvest Of Silicon Valley

Entity: Non-profit Organization

Industry: Community Food Services

Location: San Jose, CA

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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

Loan Size:

$2.5M

Jobs Retained:

203

Loan Approved:

2020-04-28

Lender:

SELF-HELP FCU

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.

Because the loan received by Second Harvest Of Silicon Valley 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 - Second Harvest Of Silicon Valley in San Jose, CA

Second Harvest Of Silicon Valley
750 Curtner Ave
San Jose, CA 95125

Business Industry

Community Food Services (NAICS code 624210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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:

Mcqlegs Inc
San Jose, CA

$132,900 PPP Loan

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.

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/second-harvest-of-silicon-valley-san-jose-ca