Alliances Management Consulting, Inc is a subchapter s corporation located at 544 Hillside Rd in Redwood City, California that received a Coronavirus-related PPP loan from the SBA of $1,039,509.00 in April, 2020.

$ PPP Loan Information

Loan #7041067304

Alliances Management Consulting, Inc in Redwood City, CA received a Paycheck Protection Loan of $1.04M through American Express 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 March, 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 47 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 50. 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

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, Alliances Management Consulting, Inc's 2019 payroll expenses are estimated to be at least $4.99M (not accounting for salary amounts > $100k).

Because the 47 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, Alliances Management Consulting, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

• Payroll: $935,558
• Health Care: $103,951

Business Information - Alliances Management Consulting, Inc in Redwood City, CA

Similar Companies near Redwood City

In the Redwood City area, 40 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 47) and received an average PPP loan of $156,319 (compared to this company's $1.04M).

Industry PPP Comparison Statistics

Nationwide, 74,928 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.09B 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 6 employees, 87% lower than Alliances Management Consulting, Inc's reported 47 employees, and received an average PPP loan of $67,896, 93% lower than this company's loan of $1.04M.