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PPP Loan Data — Park Marino Convalescent Center Inc., Richmond, CA

SBA PPP loan data, payroll data, and salaries for Park Marino Convalescent Center Inc.
CA

Park Marino Convalescent Center Inc.

Entity: Subchapter S Corporation

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Richmond, CA

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Park Marino Convalescent Center Inc. is a subchapter s corporation located at 136 Washington Ave in Richmond, California that received a Coronavirus-related PPP loan from the SBA of $3,547,515.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 298 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.55M

Jobs Retained:

298

Loan Approved:

2020-04-10

Lender:

CITY NATIONAL BANK

Park Marino Convalescent Center Inc. in Richmond, CA received a Paycheck Protection Loan of $3.55M through CITY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Park Marino Convalescent Center Inc.'s total 2019 payroll expenses were approximately $17.03M in order to qualify for the PPP loan amount received.

Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $57,141 per employee1.

Because the loan received by Park Marino Convalescent Center 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 - Park Marino Convalescent Center Inc. in Richmond, CA

Park Marino Convalescent Center Inc.
136 Washington Ave
Richmond, CA 94801

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: CA-11

Similar Companies near Richmond

In the Richmond area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 184 employees (compared to this company's 298) and received an average PPP loan of $1,980,743 (compared to this company's $3.55M).

Similar Nearby Businesses Who Received PPP Funding:

Park Balboa LP
Richmond, CA

$413,970 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 66 employees, 78% lower than Park Marino Convalescent Center Inc.'s reported 298 employees, and received an average PPP loan of $557,944, 84% lower than this company's loan of $3.55M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/park-marino-convalescent-center-inc-richmond-ca