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PPP Loan Data — FMS Health And Safety LLC,
Laguna Hills, CA
FMS Health And Safety LLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists
Location: Laguna Hills, CA
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FMS Health And Safety LLC is a limited liability company (LLC) located at 23151 Alcalde Dr Ste B4 in Laguna Hills, California that received a Coronavirus-related PPP loan from the SBA of $71,906.00 in February, 2021.
$
PPP Loan Information
Loan #5116258403
Loan Size:
Jobs Retained:
3Loan Approved:
2021-02-07Loan Status:
Ongoing LoanLender:
Farmers & Merchants Bank of Long BeachFMS Health And Safety LLC in Laguna Hills, CA received a Paycheck Protection Loan of $71,906 through Farmers & Merchants Bank of Long Beach, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 3 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 3. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, FMS Health And Safety LLC's 2019 payroll expenses are estimated to be at least $345,149 (not accounting for salary amounts > $100k).
Because the 3 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, FMS Health And Safety LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $71,903
- Utilities: $1
Business Information - FMS Health And Safety LLC in Laguna Hills, CA
23151 Alcalde Dr Ste B4
Laguna Hills, CA 92653
Business Industry:
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Laguna Hills
In the Laguna Hills area, 24 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 3) and received an average PPP loan of $169,322 (compared to this company's $71,906).
Similar Nearby Businesses Who Received PPP Funding:
Ptrd Inc
Laguna Hills, CA
Pelvicsanity, Inc
Laguna Hills, CA
Pegasus Physical Therapy Solutions Inc
Laguna Hills, CA
H2Orthopedic Physical Therapy Inc
Laguna Hills, CA
Primitive Therapy Physical Therapyinc
Laguna Hills, CA
Primitive Therapy Physical Therapy,Inc
Laguna Hills, CA
Robin Swanson
Laguna Hills, CA
Tracy Blum PT Inc
Laguna Hills, CA
Industry PPP Comparison Statistics
Nationwide, 35,277 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $2.63B 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 9 employees, 200% higher than FMS Health And Safety LLC's reported 3 employees, and received an average PPP loan of $74,664, 4% higher than this company's loan of $71,906.
FMS Health And Safety, LLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists
Location: Laguna Hills, CA
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FMS Health And Safety, LLC is a limited liability company (LLC) located at 21351 Alcalde Drive in Laguna Hills, California that received a Coronavirus-related PPP loan from the SBA of $44,212.00 in April, 2020.
$
PPP Loan Information
Loan #4989397103
Loan Size:
Jobs Retained:
3Loan Approved:
2020-04-13Loan Status:
Ongoing LoanLender:
Farmers & Merchants Bank of Long BeachFMS Health And Safety, LLC in Laguna Hills, CA received a Paycheck Protection Loan of $44,212 through Farmers & Merchants Bank of Long Beach, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, FMS Health And Safety, LLC's 2019 payroll expenses are estimated to be at least $212,218.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $70,739 per employee1
Reported PPP Proceed Usage:
On the PPP application, FMS Health And Safety, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $44,212
Business Information - FMS Health And Safety, LLC in Laguna Hills, CA
21351 Alcalde Drive
Laguna Hills, CA 92653
Business Industry:
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Laguna Hills
In the Laguna Hills area, 24 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 3) and received an average PPP loan of $169,322 (compared to this company's $44,212).
Similar Nearby Businesses Who Received PPP Funding:
Ptrd Inc
Laguna Hills, CA
Pelvicsanity, Inc
Laguna Hills, CA
Pegasus Physical Therapy Solutions Inc
Laguna Hills, CA
H2Orthopedic Physical Therapy Inc
Laguna Hills, CA
Primitive Therapy Physical Therapyinc
Laguna Hills, CA
Primitive Therapy Physical Therapy,Inc
Laguna Hills, CA
FMS Health And Safety LLC
Laguna Hills, CA
Robin Swanson
Laguna Hills, CA
Tracy Blum PT Inc
Laguna Hills, CA
Industry PPP Comparison Statistics
Nationwide, 35,277 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $2.63B 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 9 employees, 200% higher than FMS Health And Safety, LLC's reported 3 employees, and received an average PPP loan of $74,664, 69% higher than this company's loan of $44,212.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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