PPP Loan Data — Falcon Critical Care Transport, LLC, Walnut Creek, CA
Falcon Critical Care Transport, LLC is a limited liability company (LLC) located at 1600 S. Main Street Suite 215 in Walnut Creek, California that received a Coronavirus-related PPP loan from the SBA of $1,536,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Live Oak Banking Company
Falcon Critical Care Transport, LLC in Walnut Creek, CA received a Paycheck Protection Loan of $1.54M through Live Oak Banking Company, which was approved in April, 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, Falcon Critical Care Transport, LLC's 2019 payroll expenses are estimated to be at least $7.38M.
Based on their reported 232 jobs retained, this equals an estimated average yearly compensation of $31,792 per employee1
Reported PPP Proceed Usage:
On the PPP application, Falcon Critical Care Transport, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,536,600
Business Information - Falcon Critical Care Transport, LLC in Walnut Creek, CA
1600 S. Main Street Suite 215
Walnut Creek, CA 94596
NAICS code 621910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Walnut Creek
In the Walnut Creek area, 2 businesses in the "Ambulance Services" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 232) and received an average PPP loan of $785,181 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
David Y Kan MD Inc
Walnut Creek, CA
Industry PPP Comparison Statistics
Nationwide, 3,341 businesses in the "Ambulance Services" industry received a total of $860.13M 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 36 employees, 84% lower than Falcon Critical Care Transport, LLC's reported 232 employees, and received an average PPP loan of $257,448, 83% lower than this company's loan of $1.54M.
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Footnotes & Information
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