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PPP Loan Data — Eldorado Care Center LP, El Cajon, CA

SBA PPP loan data, payroll data, and salaries for Eldorado Care Center LP
CA

Eldorado Care Center LP

Entity: Limited Liability Partnership

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: El Cajon, CA

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Eldorado Care Center LP is a limited liability partnership located at 510 E Washington Ave in El Cajon, California that received a Coronavirus-related PPP loan from the SBA of $3,502,833.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.5M

Jobs Retained:

481

Loan Approved:

2020-04-16

Lender:

FIRST BANK OF THE LAKE

Eldorado Care Center LP in El Cajon, CA received a Paycheck Protection Loan of $3.5M through FIRST BANK OF THE LAKE, which was approved in April, 2020.

Based on standard PPP eligibility rules, Eldorado Care Center LP's total 2019 payroll expenses were approximately $16.81M in order to qualify for the PPP loan amount received.

Based on their reported 481 jobs retained, this equals an estimated average yearly compensation of $34,956 per employee1.

Because the loan received by Eldorado Care Center LP 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 - Eldorado Care Center LP in El Cajon, CA

Eldorado Care Center LP
510 E Washington Ave
El Cajon, CA 92020

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-53

Similar Companies near El Cajon

In the El Cajon area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 194 employees (compared to this company's 481) and received an average PPP loan of $1,374,124 (compared to this company's $3.5M).

Industry PPP Comparison Statistics

Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 66 employees, 86% lower than Eldorado Care Center LP's reported 481 employees, and received an average PPP loan of $557,944, 84% lower than this company's loan of $3.5M.

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.

Search FederalPay's Full PPP Loan Database

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/eldorado-care-center-lp-el-cajon-ca