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PPP Loan Data — Central Coast Home Health, Inc., San Luis Obispo, CA

SBA PPP loan data, payroll data, and salaries for Central Coast Home Health, Inc.
CA

Central Coast Home Health, Inc.

Entity: Corporation

Industry: Vocational Rehabilitation Services

Location: San Luis Obispo, CA

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Central Coast Home Health, Inc. is a corporation located at 253 Granada Dr in San Luis Obispo, California that received a Coronavirus-related PPP loan from the SBA of $4,880,500.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 290 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.88M

Jobs Retained:

290

Loan Approved:

2020-04-15

Lender:

PACIFIC WESTERN BANK

Central Coast Home Health, Inc. received a Paycheck Protection Loan of $4.88M through PACIFIC WESTERN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Central Coast Home Health, Inc.'s total 2019 payroll expenses were approximately $23.43M in order to qualify for the PPP loan amount received.

Based on their reported 290 jobs retained, this equals an estimated average yearly compensation of $80,781 per employee1.

Because the loan received by Central Coast Home Health, Inc. 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 - Central Coast Home Health, Inc. in San Luis Obispo, CA

Central Coast Home Health, Inc.
253 Granada Dr
San Luis Obispo, CA 93401

Business Industry

Vocational Rehabilitation Services (NAICS code 624310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-24

Industry PPP Comparison Statistics

Nationwide, 2,261 businesses in the "Vocational Rehabilitation Services" industry received a total of $613,000,241.00 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 35 employees, 88% lower than Central Coast Home Health, Inc.'s reported 290 employees, and received an average PPP loan of $271,119, 94% lower than this company's loan of $4.88M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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/central-coast-home-health-inc-san-luis-obispo-ca