PPP Loan Data — Palo Alto Commons Management Company LLC, Palo Alto, CA
Palo Alto Commons Management Company LLC is a limited liability company (LLC) located at 4075 El Camino Way in Palo Alto, California that received a Coronavirus-related PPP loan from the SBA of $1,883,835.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 193 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Harvest Small Business Finance, LLC
Palo Alto Commons Management Company LLC in Palo Alto, CA received a Paycheck Protection Loan of $1.88M through Harvest Small Business Finance, LLC, 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, Palo Alto Commons Management Company LLC's 2019 payroll expenses are estimated to be at least $9.04M.
Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $46,852 per employee1
Reported PPP Proceed Usage:
On the PPP application, Palo Alto Commons Management Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,883,835
Business Information - Palo Alto Commons Management Company LLC in Palo Alto, CA
4075 El Camino Way
Palo Alto, CA 94306
Assisted Living Facilities for the Elderly
NAICS code 623312
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 10,259 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1.84B 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 30 employees, 84% lower than Palo Alto Commons Management Company LLC's reported 193 employees, and received an average PPP loan of $179,299, 90% lower than this company's loan of $1.88M.
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Footnotes & Information
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