PPP Loan Data — Student Organized Services Incorporated, Redwood City, CA
Student Organized Services Incorporated is a corporation located at 715 7th Ave in Redwood City, California that received a Coronavirus-related PPP loan from the SBA of $431,361.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Student Organized Services Incorporated received a Paycheck Protection Loan of $431,361 through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Student Organized Services Incorporated's total 2019 payroll expenses were approximately $2.07M in order to qualify for the PPP loan amount received.
Unlike most businesses, Student Organized Services Incorporated's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Student Organized Services Incorporated in Redwood City, CA
715 7th Ave
Redwood City, CA 94063
Food Service Contractors (NAICS code 722310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-14
Similar Companies near Redwood City
In the Redwood City area, 4 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 0) and received an average PPP loan of $1,643,246 (compared to this company's $431,361).
Similar Nearby Businesses Who Received PPP Funding:
Spiga I LLC
Redwood City, CA
Redwood City, CA
Eat Club Inc.
Redwood City, CA
Industry PPP Comparison Statistics
Nationwide, 8,947 businesses in the "Food Service Contractors" industry received a total of $969,115,041.00 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, and received an average PPP loan of $108,317, 75% lower than this company's loan of $431,361.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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