PPP Loan Data — California Medical Business Services, LLC, Arcadia, CA
California Medical Business Services, LLC
Entity: Limited Liability Company (LLC)
Location: Arcadia, CATweet This • Search All PPP Data
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
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.
Business Information - California Medical Business Services, LLC in Arcadia, CA
223 North First Avenue, Suite 201
Arcadia, CA 91006
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Advanta Properties Inc
Property Care Building Service
BLW Services LLC
Joseph Tseng, CPA
Ethan Y Tse
F&L Galaxy Inc
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.
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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