PPP Loan Data — National Renal Care, LLC, Long Beach, CA
National Renal Care, LLC is a limited liability company (LLC) located at 4000 Cover St Ste. 100 in Long Beach, California that received a Coronavirus-related PPP loan from the SBA of $2,235,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 191 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:City National Bank
National Renal Care, LLC in Long Beach, CA received a Paycheck Protection Loan of $2.24M through City National 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, National Renal Care, LLC's 2019 payroll expenses are estimated to be at least $10.73M.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $56,170 per employee1
Reported PPP Proceed Usage:
On the PPP application, National Renal Care, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,064,033
- Health Care: $171,067
Business Information - National Renal Care, LLC in Long Beach, CA
4000 Cover St Ste. 100
Long Beach, CA 90808
Kidney Dialysis Centers
NAICS code 621492
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
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 Long Beach
In the Long Beach area, 3 businesses in the "Kidney Dialysis Centers" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 191) and received an average PPP loan of $916,923 (compared to this company's $2.24M).
Similar Nearby Businesses Who Received PPP Funding:
Long Beach Quest Dialysis Center
Long Beach, CA
Long Beach, CA
Industry PPP Comparison Statistics
Nationwide, 494 businesses in the "Kidney Dialysis Centers" industry received a total of $118.17M 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 24 employees, 87% lower than National Renal Care, LLC's reported 191 employees, and received an average PPP loan of $239,220, 89% lower than this company's loan of $2.24M.
FederalPay's PPP Information Policy
Footnotes & Information
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