PPP Loan Data — West Oakland Health Council, Oakland, CA
West Oakland Health Council is a non-profit organization located at 700 Adeline Street in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $2,576,707.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
West Oakland Health Council in Oakland, CA received a Paycheck Protection Loan of $2.58M through Self-Help FCU, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, West Oakland Health Council's 2019 payroll expenses are estimated to be at least $12.37M.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $80,838 per employee1
Reported PPP Proceed Usage:
On the PPP application, West Oakland Health Council reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,576,707
Business Information - West Oakland Health Council in Oakland, CA
700 Adeline Street
Oakland, CA 94607
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 7 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 99 employees (compared to this company's 153) and received an average PPP loan of $1,497,471 (compared to this company's $2.58M).
Similar Nearby Businesses Who Received PPP Funding:
Asian Health Services
Emeryville Occupational Medical Center
East Bay Intergroup Inc
Industry PPP Comparison Statistics
Nationwide, 20,239 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.82B 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 9 employees, 94% lower than West Oakland Health Council's reported 153 employees, and received an average PPP loan of $90,010, 97% lower than this company's loan of $2.58M.
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Footnotes & Information
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