PPP Loan Data — Gardner Family Health Network Inc, San Jose, CA
Gardner Family Health Network Inc is a non-profit organization located at 160 E Virginia St Ste 100 in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $1,900,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Gardner Family Health Network Inc in San Jose, CA received a Paycheck Protection Loan of $1.9M through Bank of America, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Gardner Family Health Network Inc's 2019 payroll expenses are estimated to be at least $9.12M.
Based on their reported 490 jobs retained, this equals an estimated average yearly compensation of $18,612 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gardner Family Health Network Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,900,000
Business Information - Gardner Family Health Network Inc in San Jose, CA
160 E Virginia St Ste 100
San Jose, CA 95112
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near San Jose
In the San Jose area, 3 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 164 employees (compared to this company's 490) and received an average PPP loan of $642,517 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
San Jose, CA
San Jose, CA
Industry PPP Comparison Statistics
Nationwide, 20,239 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.82B 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, 98% lower than Gardner Family Health Network Inc's reported 490 employees, and received an average PPP loan of $90,010, 95% lower than this company's loan of $1.9M.
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Footnotes & Information
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