PPP Loan Data — Eldorado Care Center LP, El Cajon, CA
Eldorado Care Center LP
Entity: Limited Liability Partnership
Location: El Cajon, CATweet This • Search All PPP Data
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
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.
Business Information - Eldorado Care Center LP in El Cajon, CA
510 E Washington Ave
El Cajon, CA 92020
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
El Cajon, CA
Del Dios Care, LLC
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.
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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