PPP Loan Data — Natural Health Medical Center Inc, Lawndale, CA
Natural Health Medical Center Inc is a corporation located at 4469 Redondo Beach Blvd in Lawndale, California that received a Coronavirus-related PPP loan from the SBA of $25,247.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Natural Health Medical Center Inc in Lawndale, CA received a Paycheck Protection Loan of $25,247 through Bank of America, National Association, which was approved in May, 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, Natural Health Medical Center Inc's 2019 payroll expenses are estimated to be at least $121,186.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,297 per employee1
Reported PPP Proceed Usage:
On the PPP application, Natural Health Medical Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,247
Business Information - Natural Health Medical Center Inc in Lawndale, CA
4469 Redondo Beach Blvd
Lawndale, CA 90260
Food (Health) Supplement Stores
NAICS code 446191
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lawndale
In the Lawndale area, 2 businesses in the "Food (Health) Supplement Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $20,956 (compared to this company's $25,247).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 8,057 businesses in the "Food (Health) Supplement Stores" industry received a total of $301.91M 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 5 employees, 25% higher than Natural Health Medical Center Inc's reported 4 employees, and received an average PPP loan of $37,471, 48% higher than this company's loan of $25,247.
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Footnotes & Information
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