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PPP Loan Data — Rescue Agency Public Benefit LLC,
San Diego, CA
Rescue Agency Public Benefit LLC
Entity: Partnership
Industry: Advertising Agencies
Location: San Diego, CA
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Rescue Agency Public Benefit LLC is a partnership located at 2437 Morena Blvd in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
$
PPP Loan Information
Loan #2665748810
Loan Size:
Jobs Retained:
192Loan Approved:
2021-04-13Loan Status:
Ongoing LoanLender:
Wells Fargo Bank, National AssociationRescue Agency Public Benefit LLC in San Diego, CA received a Paycheck Protection Loan of $2M through Wells Fargo Bank, National Association, which was approved in April, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Rescue Agency Public Benefit LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $50,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rescue Agency Public Benefit LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Rescue Agency Public Benefit LLC in San Diego, CA
2437 Morena Blvd
San Diego, CA 92110
Business Industry:
Advertising Agencies
NAICS code 541810
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Diego
In the San Diego area, 14 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 192) and received an average PPP loan of $228,447 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
The Hayes Co., Inc
San Diego, CA
San Diego Events Company
San Diego, CA
JD Inflatable Advertising
San Diego, CA
Business Marketing Solutions Inc
San Diego, CA
J.d. Inflatable Advertising Inc
San Diego, CA
Jeannie Fratoni - Freelance Creative Director
San Diego, CA
Freshform Interactive, Inc
San Diego, CA
Wonderist Agency LLC
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 23,792 businesses in the "Advertising Agencies" industry received a total of $2.39B 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 7 employees, 96% lower than Rescue Agency Public Benefit LLC's reported 192 employees, and received an average PPP loan of $100,426, 95% lower than this company's loan of $2M.
Rescue Agency Public Benefit, LLC
Entity: Partnership
Industry: Marketing Consulting Services
Location: San Diego, CA
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Rescue Agency Public Benefit, LLC is a partnership located at 2437 Morena Blvd in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $2,980,064.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 170 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1883967106
Loan Size:
Jobs Retained:
170Loan Approved:
2020-04-10Loan Status:
Ongoing LoanLender:
Axos BankRescue Agency Public Benefit, LLC in San Diego, CA received a Paycheck Protection Loan of $2.98M through Axos Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Rescue Agency Public Benefit, LLC's 2019 payroll expenses are estimated to be at least $14.3M.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $84,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rescue Agency Public Benefit, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,783,339
- Utilities: $53,217
- Rent: $143,508
Business Information - Rescue Agency Public Benefit, LLC in San Diego, CA
2437 Morena Blvd
San Diego, CA 92110
Business Industry:
Marketing Consulting Services
NAICS code 541613
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Diego
In the San Diego area, 35 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 170) and received an average PPP loan of $168,286 (compared to this company's $2.98M).
Similar Nearby Businesses Who Received PPP Funding:
Factor Four Consulting Inc
San Diego, CA
Anthony R Olivieri
San Diego, CA
Ryder Professional Group
San Diego, CA
All Things Hospitality LLC
San Diego, CA
Cameron Montgomery
San Diego, CA
Berkman Communications, Inc
San Diego, CA
Michele Moninger-Baker
San Diego, CA
Parallel Marketing Inc
San Diego, CA
Geoffrey Davis
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 83,342 businesses in the "Marketing Consulting Services" industry received a total of $3.38B 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 3 employees, 98% lower than Rescue Agency Public Benefit, LLC's reported 170 employees, and received an average PPP loan of $40,513, 99% lower than this company's loan of $2.98M.
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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