PPP Loan Data — Pasadena Physicians LLC, Pasadena, CA
Pasadena Physicians LLC
Entity: Limited Liability Company (LLC)
Location: Pasadena, CATweet This • Search All PPP Data
Pasadena Physicians LLC is a limited liability company (LLC) located at 630 S Raymond Ave, Ste 130 in Pasadena, California that received a Coronavirus-related PPP loan from the SBA of $25,172.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Choice Bank
Pasadena Physicians LLC in Pasadena, CA received a Paycheck Protection Loan of $25,172 through First Choice 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, Pasadena Physicians LLC's 2019 payroll expenses are estimated to be at least $120,826.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,165 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pasadena Physicians LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,172
Business Information - Pasadena Physicians LLC in Pasadena, CA
630 S Raymond Ave, Ste 130
Pasadena, CA 91105
Lessors of Nonresidential Buildings (except Miniwarehouses)
NAICS code 531120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pasadena
In the Pasadena area, 15 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $74,861 (compared to this company's $25,172).
Similar Nearby Businesses Who Received PPP Funding:
Asap Property Holdings Inc. DBA Asap Holdings
Hawthorne Hangar Operations LP
Kumiva Group, LLC
Hamilton Chase Incorporated
Industry PPP Comparison Statistics
Nationwide, 19,255 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.72B 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 10 employees, 100% higher than Pasadena Physicians LLC's reported 5 employees, and received an average PPP loan of $89,367, 255% higher than this company's loan of $25,172.
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Footnotes & Information
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