PPP Loan Data — Rancho Family Medical Group, Inc, Temecula, CA
Rancho Family Medical Group, Inc
Location: Temecula, CATweet This • Search All PPP Data
Rancho Family Medical Group, Inc is a corporation located at 28780 Single Oak Drive, Suite 260 in Temecula, California that received a Coronavirus-related PPP loan from the SBA of $2,284,250.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 182 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Pacific Western Bank
Rancho Family Medical Group, Inc in Temecula, CA received a Paycheck Protection Loan of $2.28M through Pacific Western 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, Rancho Family Medical Group, Inc's 2019 payroll expenses are estimated to be at least $10.96M.
Based on their reported 182 jobs retained, this equals an estimated average yearly compensation of $60,244 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rancho Family Medical Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,284,250
Business Information - Rancho Family Medical Group, Inc in Temecula, CA
28780 Single Oak Drive, Suite 260
Temecula, CA 92590
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Temecula
In the Temecula area, 59 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 182) and received an average PPP loan of $112,167 (compared to this company's $2.28M).
Similar Nearby Businesses Who Received PPP Funding:
Medical Practice Management Resources, Inc
Advanced Institute For Plastic Surgery Inc
Center Of Natural Medicine
Richard J. Conner MD Inc
Gina Amaya DO LTD
Temecula Naturopathic Medicine
Dr Michael H French Inc
Delta Hospice Of Inland Valley Inc
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 94% lower than Rancho Family Medical Group, Inc's reported 182 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.28M.
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