PPP Loan Data — Rancho Santa Fe Association, Rancho Santa Fe, CA
Rancho Santa Fe Association
Industry: Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)
Location: Rancho Santa Fe, CATweet This • Search All PPP Data
Rancho Santa Fe Association is a corporation located at P.o. Box A in Rancho Santa Fe, California that received a Coronavirus-related PPP loan from the SBA of $1,542,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First-Citizens Bank & Trust Company
Rancho Santa Fe Association in Rancho Santa Fe, CA received a Paycheck Protection Loan of $1.54M through First-Citizens Bank & Trust Company, 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 January, 2021.
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 Santa Fe Association's 2019 payroll expenses are estimated to be at least $7.4M.
Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $48,065 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rancho Santa Fe Association reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,542,100
Business Information - Rancho Santa Fe Association in Rancho Santa Fe, CA
P.o. Box A
Rancho Santa Fe, CA 92067
Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)
NAICS code 813990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rancho Santa Fe
In the Rancho Santa Fe area, 3 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 154) and received an average PPP loan of $549,033 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
The Harwood Team, Inc
Rancho Santa Fe, CA
Industry PPP Comparison Statistics
Nationwide, 8,934 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a total of $676.03M 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 9 employees, 94% lower than Rancho Santa Fe Association's reported 154 employees, and received an average PPP loan of $75,670, 95% lower than this company's loan of $1.54M.
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Footnotes & Information
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