PPP Loan Data — Mercedes Diaz Homes, Inc, Whittier, CA
Mercedes Diaz Homes, Inc
Location: Whittier, CATweet This • Search All PPP Data
Mercedes Diaz Homes, Inc is a corporation located at 7239 Washington Ave in Whittier, California that received a Coronavirus-related PPP loan from the SBA of $1,723,402.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 210 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Mercedes Diaz Homes, Inc in Whittier, CA received a Paycheck Protection Loan of $1.72M through Loan Source Incorporated, 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, Mercedes Diaz Homes, Inc's 2019 payroll expenses are estimated to be at least $8.27M.
Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $39,392 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mercedes Diaz Homes, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,459,023
- Utilities: $20,186
- Rent: $112,298
- Health Care: $131,895
Business Information - Mercedes Diaz Homes, Inc in Whittier, CA
7239 Washington Ave
Whittier, CA 90602
Residential Intellectual and Developmental Disability Facilities
NAICS code 623210
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Whittier
In the Whittier area, 7 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 210) and received an average PPP loan of $480,626 (compared to this company's $1.72M).
Similar Nearby Businesses Who Received PPP Funding:
MDH Specialized Care Homes 3
RMD Homes Inc
MDH - Specialized Care Homes 2
Casa Garcia LLC
San Angelo Home LLC
Inclusion Specialized Programs LLC
Industry PPP Comparison Statistics
Nationwide, 3,014 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $1.28B 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 58 employees, 72% lower than Mercedes Diaz Homes, Inc's reported 210 employees, and received an average PPP loan of $424,200, 75% lower than this company's loan of $1.72M.
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