PPP Loan Data — Quail Garden 2, Livermore, CA
Quail Garden 2 is a partnership located at 836 South J Street in Livermore, California that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Quail Garden 2 in Livermore, CA received a Paycheck Protection Loan of $24,900 through MBE Capital Partners, which was approved in August, 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, Quail Garden 2's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $10,865 per employee1
Reported PPP Proceed Usage:
On the PPP application, Quail Garden 2 reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Quail Garden 2 in Livermore, CA
836 South J Street
Livermore, CA 94550
Assisted Living Facilities for the Elderly
NAICS code 623312
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Livermore
In the Livermore area, 10 businesses in the "Assisted Living Facilities for the Elderly" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 11) and received an average PPP loan of $131,565 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Livermore Senior Living Associates, LP
La Jolla Cove Holdings LLC
Bethany Home Care LP
Londagin Enterprises, Inc
Elch Partners Inc
Kenai River Holdings, LLC
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, 173% higher than Quail Garden 2's reported 11 employees, and received an average PPP loan of $179,299, 620% higher than this company's loan of $24,900.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!