PPP Loan Data — Upstart Network, Inc.,
San Mateo, CA
Upstart Network, Inc.
Entity: Corporation
Industry: Consumer Lending
Location: San Mateo, CA

Upstart Network, Inc. is a corporation located at 2950 S Delaware St Ste 300 in San Mateo, California that received a Coronavirus-related PPP loan from the SBA of $5,287,810.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-14Lender:
CROSS RIVER BANKUpstart Network, Inc. in San Mateo, CA received a Paycheck Protection Loan of $5.29M through CROSS RIVER BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Upstart Network, Inc.'s total 2019 payroll expenses were approximately $25.38M in order to qualify for the PPP loan amount received.
Unlike most businesses, Upstart Network, Inc.'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 - Upstart Network, Inc. in San Mateo, CA
2950 S Delaware St Ste 300
San Mateo, CA 94403
Business Industry
Consumer Lending (NAICS code 522291)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-14Industry PPP Comparison Statistics
Nationwide, 1,653 businesses in the "Consumer Lending" industry received a total of $270,440,458.00 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 13 employees, and received an average PPP loan of $163,606, 97% lower than this company's loan of $5.29M.
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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