PPP Loan Data — La Fuente Care Post Acute LLC, Vista, CA
La Fuente Care Post Acute LLC
Entity: Limited Liability Company (LLC)
Location: Vista, CATweet This • Search All PPP Data
La Fuente Care Post Acute LLC is a limited liability company (LLC) located at 247 E Bobier Dr in Vista, California that received a Coronavirus-related PPP loan from the SBA of $1,641,665.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Community Federal Savings Bank
La Fuente Care Post Acute LLC in Vista, CA received a Paycheck Protection Loan of $1.64M through Community Federal Savings Bank, 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
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, La Fuente Care Post Acute LLC's 2019 payroll expenses are estimated to be at least $7.88M.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $41,474 per employee1
Reported PPP Proceed Usage:
On the PPP application, La Fuente Care Post Acute LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,641,665
Business Information - La Fuente Care Post Acute LLC in Vista, CA
247 E Bobier Dr
Vista, CA 92084
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Vista
In the Vista area, 4 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 190) and received an average PPP loan of $462,299 (compared to this company's $1.64M).
Similar Nearby Businesses Who Received PPP Funding:
Versatile Adult Residential Care Arf,
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 68% lower than La Fuente Care Post Acute LLC's reported 190 employees, and received an average PPP loan of $442,944, 73% lower than this company's loan of $1.64M.
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