PPP Loan Data — East Valley Community Health Center, Inc., West Covina, CA
East Valley Community Health Center, Inc. is a non-profit organization located at 420 Glendora Ave in West Covina, California that received a Coronavirus-related PPP loan from the SBA of $3,250,000.00 in April, 2020.
$ PPP Loan Information
Lender:AMERICAN BUSINESS BANK
East Valley Community Health Center, Inc. in West Covina, CA received a Paycheck Protection Loan of $3.25M through AMERICAN BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, East Valley Community Health Center, Inc.'s total 2019 payroll expenses were approximately $15.6M 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 $53,793 per employee1.
Business Information - East Valley Community Health Center, Inc. in West Covina, CA
420 Glendora Ave
West Covina, CA 91790
All Other Outpatient Care Centers (NAICS code 621498)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-32
Similar Companies near West Covina
In the West Covina area, 2 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 145 employees (compared to this company's 290) and received an average PPP loan of $1,635,417 (compared to this company's $3.25M).
Similar Nearby Businesses Who Received PPP Funding:
Jusbran Surgical LLC
West Covina, CA
Industry PPP Comparison Statistics
Nationwide, 5,588 businesses in the "All Other Outpatient Care Centers" industry received a total of $1,142,796,792.00 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 17 employees, 94% lower than East Valley Community Health Center, Inc.'s reported 290 employees, and received an average PPP loan of $204,509, 94% lower than this company's loan of $3.25M.
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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