PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Cornerstone Primary Care Inc, Walnut Creek, CA

SBA PPP loan data, payroll data, and salaries for Cornerstone Primary Care Inc
CA

Cornerstone Primary Care Inc

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Walnut Creek, CA

Search All PPP Data

Cornerstone Primary Care Inc is a corporation located at 112 La Casa Via Ste 135 in Walnut Creek, California that received a Coronavirus-related PPP loan from the SBA of $14,283.00 in May, 2020.

$ PPP Loan Information
Loan #6128907708

Loan Size:

$14,283

Jobs Retained:

2

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Cornerstone Primary Care Inc in Walnut Creek, CA received a Paycheck Protection Loan of $14,283 through Bank of America, National Association, which was approved in May, 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 April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Cornerstone Primary Care Inc's 2019 payroll expenses are estimated to be at least $68,558.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $34,279 per employee1

Reported PPP Proceed Usage:

On the PPP application, Cornerstone Primary Care Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $14,283

Business Information - Cornerstone Primary Care Inc in Walnut Creek, CA

Cornerstone Primary Care Inc
112 La Casa Via Ste 135
Walnut Creek, CA 94598

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Contra Costa County, CA — SBA Office 0912 — Congressional District: CA-11

Similar Companies near Walnut Creek

In the Walnut Creek area, 89 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 2) and received an average PPP loan of $235,527 (compared to this company's $14,283).

Industry PPP Comparison Statistics

Nationwide, 281,347 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $25.36B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 300% higher than Cornerstone Primary Care Inc's reported 2 employees, and received an average PPP loan of $90,142, 531% higher than this company's loan of $14,283.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/cornerstone-primary-care-inc-walnut-creek-ca