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PPP Loan Data — Medic Ambulance Service, Inc., Vallejo, CA

SBA PPP loan data, payroll data, and salaries for Medic Ambulance Service, Inc.
CA

Medic Ambulance Service, Inc.

Entity: Corporation

Industry: Ambulance Services

Location: Vallejo, CA

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Medic Ambulance Service, Inc. is a corporation located at 506 Couch St in Vallejo, California that received a Coronavirus-related PPP loan from the SBA of $2,716,182.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.72M

Jobs Retained:

269

Loan Approved:

2020-04-13

Lender:

BANK OF THE WEST

Medic Ambulance Service, Inc. received a Paycheck Protection Loan of $2.72M through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Medic Ambulance Service, Inc.'s total 2019 payroll expenses were approximately $13.04M in order to qualify for the PPP loan amount received.

Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $48,467 per employee1.

Because the loan received by Medic Ambulance Service, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Medic Ambulance Service, Inc. in Vallejo, CA

Medic Ambulance Service, Inc.
506 Couch St
Vallejo, CA 94590

Business Industry

Ambulance Services (NAICS code 621910)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-05

Industry PPP Comparison Statistics

Nationwide, 2,115 businesses in the "Ambulance Services" industry received a total of $665,909,225.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 37 employees, 86% lower than Medic Ambulance Service, Inc.'s reported 269 employees, and received an average PPP loan of $314,851, 88% lower than this company's loan of $2.72M.

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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/medic-ambulance-service-inc-vallejo-ca