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PPP Loan Data — Premier Business Support LLC,
San Diego, CA
Premier Business Support LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Legal Services
Location: San Diego, CA
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Premier Business Support LLC is a limited liability company (LLC) located at 2763 Camino Del Rio S in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
$
PPP Loan Information
Loan #5425298310
Loan Size:
Jobs Retained:
155Loan Approved:
2021-01-25Loan Status:
Paid in Full or ForgivenLender:
Cornerstone BankPremier Business Support LLC in San Diego, CA received a Paycheck Protection Loan of $2M through Cornerstone Bank, which was approved in January, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Premier Business Support LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $61,935 per employee1
Reported PPP Proceed Usage:
On the PPP application, Premier Business Support LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Premier Business Support LLC in San Diego, CA
2763 Camino Del Rio S
San Diego, CA 92108
Business Industry:
All Other Legal Services
NAICS code 541199
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as Premier Business Support LLC.
Quality Loan Service Corporation Of Washington
All Other Legal Services
PCE LLC
Bed-and-Breakfast Inns
Idsolutions Inc
Custom Computer Programming Services
Quality Loan Service Corporation
All Other Legal Services
Mccarthy & Holthus LLP
Offices of Lawyers
Similar Companies near San Diego
In the San Diego area, 20 businesses in the "All Other Legal Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 155) and received an average PPP loan of $197,219 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Quality Loan Service Corporation Of Washington
San Diego, CA
P&T Law, APC
San Diego, CA
Michael Duarte
San Diego, CA
California Estate And Financial Group, Inc
San Diego, CA
Fertility And Surrogacy Legal Group APC
San Diego, CA
Venturesuite, LLC
San Diego, CA
Knox Attorney Service Inc
San Diego, CA
Ella Tsurkanu
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 17,592 businesses in the "All Other Legal Services" industry received a total of $856.01M 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 4 employees, 97% lower than Premier Business Support LLC's reported 155 employees, and received an average PPP loan of $48,659, 98% lower than this company's loan of $2M.
Premier Business Support LLC
Entity: Limited Liability Company (LLC)
Industry: Business Associations
Location: San Diego, CA
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Premier Business Support LLC is a limited liability company (LLC) located at 2763 Camino Del Rio South in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $3,490,700.00 in April, 2020.
$
PPP Loan Information
Loan #4534647001
Loan Size:
Jobs Retained:
274Loan Approved:
2020-04-03Loan Status:
Paid in Full or ForgivenLender:
Cornerstone BankPremier Business Support LLC in San Diego, CA received a Paycheck Protection Loan of $3.49M through Cornerstone Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Premier Business Support LLC's 2019 payroll expenses are estimated to be at least $16.76M.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $61,151 per employee1
Reported PPP Proceed Usage:
On the PPP application, Premier Business Support LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,490,700
Business Information - Premier Business Support LLC in San Diego, CA
2763 Camino Del Rio South
San Diego, CA 92108
Business Industry:
Business Associations
NAICS code 813910
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 6 other businesses that received a PPP loan registered to the same address as Premier Business Support LLC.
MCF Investments
Lessors of Residential Buildings and Dwellings
PCE LLC
Hotels (except Casino Hotels) and Motels
Quality Loan Service Corporation Of Washington
Repossession Services
Idsolutions Inc
Custom Computer Programming Services
Quality Loan Service Corporation
Repossession Services
Mccarthy & Holthus LLP
Offices of Lawyers
Similar Companies near San Diego
In the San Diego area, 10 businesses in the "Business Associations" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 274) and received an average PPP loan of $465,143 (compared to this company's $3.49M).
Similar Nearby Businesses Who Received PPP Funding:
Golden State Contractors School
San Diego, CA
Ocean Beach Merchant's Association Inc
San Diego, CA
Windward Technology, Inc
San Diego, CA
Hera Hub
San Diego, CA
San Diego Military Advisory Council
San Diego, CA
Pacific Beach Community Development Cor
San Diego, CA
National Association Of Hispanic Real Estate Professionals
San Diego, CA
The Pacific Beach Community Development
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 17,249 businesses in the "Business Associations" industry received a total of $1.16B 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 6 employees, 98% lower than Premier Business Support LLC's reported 274 employees, and received an average PPP loan of $67,298, 98% lower than this company's loan of $3.49M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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