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PPP Loan Data — California Medical Business Services, LLC, Arcadia, CA

SBA PPP loan data, payroll data, and salaries for California Medical Business Services, LLC
CA

California Medical Business Services, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Professional, Scientific, and Technical Services

Location: Arcadia, CA

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California Medical Business Services, LLC is a limited liability company (LLC) located at 223 North First Avenue, Suite 201 in Arcadia, California that received a Coronavirus-related PPP loan from the SBA of $3,223,532.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.22M

Jobs Retained:

303

Loan Approved:

2020-04-27

Lender:

HARVEST SMALL BUSINESS FINANCE, LLC

California Medical Business Services, LLC in Arcadia, CA received a Paycheck Protection Loan of $3.22M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in April, 2020.

Based on standard PPP eligibility rules, California Medical Business Services, LLC's total 2019 payroll expenses were approximately $15.47M in order to qualify for the PPP loan amount received.

Based on their reported 303 jobs retained, this equals an estimated average yearly compensation of $51,066 per employee1.

Because the loan received by California Medical Business Services, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - California Medical Business Services, LLC in Arcadia, CA

California Medical Business Services, LLC
223 North First Avenue, Suite 201
Arcadia, CA 91006

Business Industry

All Other Professional, Scientific, and Technical Services (NAICS code 541990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-27

Similar Companies near Arcadia

In the Arcadia area, 29 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 303) and received an average PPP loan of $144,320 (compared to this company's $3.22M).

Industry PPP Comparison Statistics

Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 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 6 employees, 98% lower than California Medical Business Services, LLC's reported 303 employees, and received an average PPP loan of $74,488, 98% lower than this company's loan of $3.22M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/california-medical-business-services-llc-arcadia-ca