PPP Loan Data — Asian Pacific Health Care Venture, Inc., Los Angeles, CA
Asian Pacific Health Care Venture, Inc. is a non-profit organization located at 4216 Fountain Ave in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $2,485,000.00 in May, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Asian Pacific Health Care Venture, Inc. in Los Angeles, CA received a Paycheck Protection Loan of $2.49M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Asian Pacific Health Care Venture, Inc.'s total 2019 payroll expenses were approximately $11.93M in order to qualify for the PPP loan amount received.
Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $59,050 per employee1.
Business Information - Asian Pacific Health Care Venture, Inc. in Los Angeles, CA
4216 Fountain Ave
Los Angeles, CA 90029
Voluntary Health Organizations (NAICS code 813212)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-28
Industry PPP Comparison Statistics
Nationwide, 1,170 businesses in the "Voluntary Health Organizations" industry received a total of $300,865,194.00 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 22 employees, 89% lower than Asian Pacific Health Care Venture, Inc.'s reported 202 employees, and received an average PPP loan of $257,150, 90% lower than this company's loan of $2.49M.
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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