PPP Loan Data — Rebas Inc, Santa Fe Springs, CA
Rebas Inc is a corporation located at 12907 Imperial Hwy in Santa Fe Springs, California that received a Coronavirus-related PPP loan from the SBA of $1,845,906.00 in May, 2020.
The company has reported itself as an Asian male owned business, and employed at least 136 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Rebas Inc in Santa Fe Springs, CA received a Paycheck Protection Loan of $1.85M through Bank of America, National Association, which was approved in May, 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 May, 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, Rebas Inc's 2019 payroll expenses are estimated to be at least $8.86M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $65,150 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rebas Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,845,906
Business Information - Rebas Inc in Santa Fe Springs, CA
12907 Imperial Hwy
Santa Fe Springs, CA 90670
New Car Dealers
NAICS code 441110
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: Y
Rural / Urban: Urban
Similar Companies near Santa Fe Springs
In the Santa Fe Springs area, 2 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 136) and received an average PPP loan of $1,342,416 (compared to this company's $1.85M).
Similar Nearby Businesses Who Received PPP Funding:
Tom'S Truck Center North County LLC
Santa Fe Springs, CA
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 62% lower than Rebas Inc's reported 136 employees, and received an average PPP loan of $618,860, 66% lower than this company's loan of $1.85M.
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Footnotes & Information
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