PPP Loan Data — Gateways Rehabilitation LLC, Simi Valley, CA
Gateways Rehabilitation LLC
Entity: Sole Proprietorship
Location: Simi Valley, CATweet This • Search All PPP Data
Gateways Rehabilitation LLC is a sole proprietorship located at 2470 Stearns Street #173 in Simi Valley, California that received a Coronavirus-related PPP loan from the SBA of $1,875,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 268 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Gateways Rehabilitation LLC in Simi Valley, CA received a Paycheck Protection Loan of $1.88M through Customers Bank, 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, Gateways Rehabilitation LLC's 2019 payroll expenses are estimated to be at least $9M.
Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $33,596 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gateways Rehabilitation LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,875,800
Business Information - Gateways Rehabilitation LLC in Simi Valley, CA
2470 Stearns Street #173
Simi Valley, CA 91311
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Simi Valley
In the Simi Valley area, 46 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 268) and received an average PPP loan of $96,414 (compared to this company's $1.88M).
Similar Nearby Businesses Who Received PPP Funding:
Pharmacist Holding Group
Sparks Gems Inc
Enzone Fashion's Inc
Silo Tech Inc
Paisa Holdings Inc
Coastal Inkjets Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 99% lower than Gateways Rehabilitation LLC's reported 268 employees, and received an average PPP loan of $34,329, 98% lower than this company's loan of $1.88M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!