PPP Loan Data — Edca Lifeskills, Placerville, CA
Edca Lifeskills is a located at 893 Spring St in Placerville, California that received a Coronavirus-related PPP loan from the SBA of $46,663.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Edca Lifeskills in Placerville, CA received a Paycheck Protection Loan of $46,663 through Wells Fargo Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Edca Lifeskills' 2019 payroll expenses are estimated to be at least $223,982.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,997 per employee1
Reported PPP Proceed Usage:
On the PPP application, Edca Lifeskills reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,663
Business Information - Edca Lifeskills in Placerville, CA
893 Spring St
Placerville, CA 95667
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Placerville
In the Placerville area, 6 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 7) and received an average PPP loan of $68,229 (compared to this company's $46,663).
Similar Nearby Businesses Who Received PPP Funding:
Parenting Time Inc
Center For Violence-Free Relationships
Gestational Surrogate Moms
Industry PPP Comparison Statistics
Nationwide, 25,118 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 129% higher than Edca Lifeskills' reported 7 employees, and received an average PPP loan of $117,860, 153% higher than this company's loan of $46,663.
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Footnotes & Information
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