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PPP Loan Data — The Roman Catholic Welfare Corporation Of Oakland,
Oakland, CA
The Roman Catholic Welfare Corporation Of Oakland
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Oakland, CA
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The Roman Catholic Welfare Corporation Of Oakland is a non-profit organization located at 2121 Harrison St Ste 100 in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $190,600.00 in April, 2021.
$
PPP Loan Information
Loan #5059798709
Loan Size:
Jobs Retained:
19Loan Approved:
2021-04-02Loan Status:
Ongoing LoanLender:
Fremont BankThe Roman Catholic Welfare Corporation Of Oakland in Oakland, CA received a Paycheck Protection Loan of $190,600 through Fremont Bank, which was approved in April, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, The Roman Catholic Welfare Corporation Of Oakland's 2019 payroll expenses are estimated to be at least $914,880.
Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $48,152 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Roman Catholic Welfare Corporation Of Oakland reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $190,597
- Utilities: $1
Business Information - The Roman Catholic Welfare Corporation Of Oakland in Oakland, CA
2121 Harrison St Ste 100
Oakland, CA 94612
Business Industry:
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as The Roman Catholic Welfare Corporation Of Oakland.
The Roman Catholic Bishop Of Oakland
Religious Organizations
Similar Companies near Oakland
In the Oakland area, 6 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 19) and received an average PPP loan of $248,635 (compared to this company's $190,600).
Similar Nearby Businesses Who Received PPP Funding:
Greatschools Inc
Oakland, CA
The People's Conservatory
Oakland, CA
Pacific Boychoir Academy
Oakland, CA
Seven Stars Investment Corp
Oakland, CA
Industry PPP Comparison Statistics
Nationwide, 22,634 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 38 employees, 100% higher than The Roman Catholic Welfare Corporation Of Oakland's reported 19 employees, and received an average PPP loan of $324,581, 70% higher than this company's loan of $190,600.
The Roman Catholic Welfare Corporation Of Oakland
Entity: Trust
Industry: Religious Organizations
Location: Oakland, CA
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The Roman Catholic Welfare Corporation Of Oakland is a trust located at 2121 Harrison St in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $160,880.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least seven people during the applicable loan loan period.
$
PPP Loan Information
Loan #7151907308
Loan Size:
Jobs Retained:
7Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
PNC Bank, National AssociationThe Roman Catholic Welfare Corporation Of Oakland in Oakland, CA received a Paycheck Protection Loan of $160,880 through PNC Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 7 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 8. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, The Roman Catholic Welfare Corporation Of Oakland's 2019 payroll expenses are estimated to be at least $772,224 (not accounting for salary amounts > $100k).
Because the 7 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, The Roman Catholic Welfare Corporation Of Oakland reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $160,880
Business Information - The Roman Catholic Welfare Corporation Of Oakland in Oakland, CA
2121 Harrison St
Oakland, CA 94612
Business Industry:
Religious Organizations
NAICS code 813110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Unreported
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as The Roman Catholic Welfare Corporation Of Oakland.
The Roman Catholic Bishop Of Oakland - Cathedral Parish Of C
Religious Organizations
Similar Companies near Oakland
In the Oakland area, 23 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 7) and received an average PPP loan of $70,131 (compared to this company's $160,880).
Similar Nearby Businesses Who Received PPP Funding:
Montclair Presbyterian Church
Oakland, CA
The New Parish LLC
Oakland, CA
The Roman Catholic Bishop Of Oakland Corpus Crisit Piedmont
Oakland, CA
East Bay Meditation Center
Oakland, CA
1ST Presbyterian Church
Oakland, CA
First Congregational Church Of Oakland
Oakland, CA
The Roman Catholic Bishop Of Oakland
Oakland, CA
Greater St Paul Missionary Baptist Chur
Oakland, CA
ST. John's Episcopal Church In Oakland, California
Oakland, CA
Industry PPP Comparison Statistics
Nationwide, 122,670 businesses in the "Religious Organizations" industry received a total of $9.25B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 71% higher than The Roman Catholic Welfare Corporation Of Oakland's reported 7 employees, and received an average PPP loan of $75,418, 53% lower than this company's loan of $160,880.
The Roman Catholic Welfare Corporation Of Oakland
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Oakland, CA
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The Roman Catholic Welfare Corporation Of Oakland is a non-profit organization located at 4860 Clarewood Drive in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $320,300.00 in April, 2020.
The company has reported itself as a White owned non-profit, and employed at least 33 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1124227302
Loan Size:
Jobs Retained:
33Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Notre Dame FCUThe Roman Catholic Welfare Corporation Of Oakland in Oakland, CA received a Paycheck Protection Loan of $320,300 through Notre Dame FCU, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, The Roman Catholic Welfare Corporation Of Oakland's 2019 payroll expenses are estimated to be at least $1.54M.
Based on their reported 33 jobs retained, this equals an estimated average yearly compensation of $46,589 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Roman Catholic Welfare Corporation Of Oakland reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $320,300
Business Information - The Roman Catholic Welfare Corporation Of Oakland in Oakland, CA
4860 Clarewood Drive
Oakland, CA 94618
Business Industry:
Religious Organizations
NAICS code 813110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Unreported
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 15 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 33) and received an average PPP loan of $106,634 (compared to this company's $320,300).
Similar Nearby Businesses Who Received PPP Funding:
Manzanita Grove LLC
Oakland, CA
The Roman Catholic Bishop Of Oakland
Oakland, CA
Laurel United Methodist Church
Oakland, CA
Medhani Alem Ethiopian Orthodox Church
Oakland, CA
Pilgrim Lutheran Church
Oakland, CA
First Church Of Religious Science Of Oakland
Oakland, CA
Skyline Community United Church Of Christ
Oakland, CA
The Cornerstone Missionary Baptist Church Of Oakland
Oakland, CA
Industry PPP Comparison Statistics
Nationwide, 122,670 businesses in the "Religious Organizations" industry received a total of $9.25B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 64% lower than The Roman Catholic Welfare Corporation Of Oakland's reported 33 employees, and received an average PPP loan of $75,418, 76% lower than this company's loan of $320,300.
The Roman Catholic Welfare Corporation Of Oakland
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Oakland, CA
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The Roman Catholic Welfare Corporation Of Oakland is a non-profit organization located at 4238 Howe St in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $276,031.00 in April, 2020.
$
PPP Loan Information
Loan #1856117310
Loan Size:
Jobs Retained:
29Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
City National BankThe Roman Catholic Welfare Corporation Of Oakland in Oakland, CA received a Paycheck Protection Loan of $276,031 through City National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, The Roman Catholic Welfare Corporation Of Oakland's 2019 payroll expenses are estimated to be at least $1.32M.
Based on their reported 29 jobs retained, this equals an estimated average yearly compensation of $45,688 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Roman Catholic Welfare Corporation Of Oakland reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $239,280
- Health Care: $36,751
Business Information - The Roman Catholic Welfare Corporation Of Oakland in Oakland, CA
4238 Howe St
Oakland, CA 94611
Business Industry:
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 16 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 29) and received an average PPP loan of $237,164 (compared to this company's $276,031).
Similar Nearby Businesses Who Received PPP Funding:
ST. Paul's Day School Of Oakland
Oakland, CA
Levant Ogbulie
Oakland, CA
The People's Conservatory
Oakland, CA
Jennae Wallach
Oakland, CA
Grand Lake Montessori
Oakland, CA
Urban University
Oakland, CA
Pacific Boychoir Academy
Oakland, CA
Seven Stars Investment Corp
Oakland, CA
Michael Wright
Oakland, CA
Industry PPP Comparison Statistics
Nationwide, 22,634 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 38 employees, 31% higher than The Roman Catholic Welfare Corporation Of Oakland's reported 29 employees, and received an average PPP loan of $324,581, 18% higher than this company's loan of $276,031.
The Roman Catholic Welfare Corporation Of Oakland
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Oakland, CA
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The Roman Catholic Welfare Corporation Of Oakland is a non-profit organization located at 9500 Stearns Ave in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $3,455,600.00 in April, 2020.
The company has reported itself as a White owned non-profit, and employed at least 164 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1048597207
Loan Size:
Jobs Retained:
164Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Notre Dame FCUThe Roman Catholic Welfare Corporation Of Oakland in Oakland, CA received a Paycheck Protection Loan of $3.46M through Notre Dame FCU, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 164 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 166. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, The Roman Catholic Welfare Corporation Of Oakland's 2019 payroll expenses are estimated to be at least $16.59M (not accounting for salary amounts > $100k).
Because the 164 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, The Roman Catholic Welfare Corporation Of Oakland reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,591,700
- Utilities: $863,900
Business Information - The Roman Catholic Welfare Corporation Of Oakland in Oakland, CA
9500 Stearns Ave
Oakland, CA 94605
Business Industry:
Religious Organizations
NAICS code 813110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Unreported
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 24 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 164) and received an average PPP loan of $178,391 (compared to this company's $3.46M).
Similar Nearby Businesses Who Received PPP Funding:
Williams Chapel Baptist Church Inc
Oakland, CA
Abundant Life Christian Church
Oakland, CA
The Bay Area Urban Network Inc
Oakland, CA
Sequoyah Community Church Assemblies Of
Oakland, CA
ST. James Spiscopal Church
Oakland, CA
Center Of Hope Community Church
Oakland, CA
Harbor House Ministries
Oakland, CA
Andrew Hoffman
Oakland, CA
Saint Cuthbert's Episcopal Church In Oakland, California
Oakland, CA
Industry PPP Comparison Statistics
Nationwide, 122,670 businesses in the "Religious Organizations" industry received a total of $9.25B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 93% lower than The Roman Catholic Welfare Corporation Of Oakland's reported 164 employees, and received an average PPP loan of $75,418, 98% lower than this company's loan of $3.46M.
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. Estimations for informational purposes only. 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.
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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