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

PPP Loan Data — Darling Financial Services, Carlsbad, CA

SBA PPP loan data, payroll data, and salaries for Darling Financial Services
CA

Darling Financial Services

Entity: Subchapter S Corporation

Industry: Other Activities Related to Real Estate

Location: Carlsbad, CA

Search All PPP Data

Darling Financial Services is a subchapter s corporation located at 2130 Vuelta Ct in Carlsbad, California that received a Coronavirus-related PPP loan from the SBA of $10,000.00 in March, 2021.

$ PPP Loan Information
Loan #2237578702

Loan Size:

$10,000

Jobs Retained:

1

Loan Approved:

2021-03-28

Loan Status:

Paid in Full or Forgiven

Lender:

Readycap Lending, LLC

Darling Financial Services in Carlsbad, CA received a Paycheck Protection Loan of $10,000 through Readycap Lending, LLC, which was approved in March, 2021.

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 August, 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, Darling Financial Services' 2019 payroll expenses are estimated to be at least $48,000.

Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $48,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Darling Financial Services reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $10,000

Business Information - Darling Financial Services in Carlsbad, CA

Darling Financial Services
2130 Vuelta Ct
Carlsbad, CA 92009

Business Industry:
Other Activities Related to Real Estate
NAICS code 531390

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

San Diego County, CA — SBA Office 0954 — Congressional District: CA-49

Similar Companies near Carlsbad

In the Carlsbad area, 56 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $72,758 (compared to this company's $10,000).

Industry PPP Comparison Statistics

Nationwide, 77,402 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.64B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 4 employees, 300% higher than Darling Financial Services' reported 1 employees, and received an average PPP loan of $47,089, 371% higher than this company's loan of $10,000.

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/darling-financial-services-carlsbad-ca