PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Resort Vacations Inc, Mission Viejo, CA

ALERT: There are 2 PPP loans for a total of $5.41M in our database for businesses with the name "Resort Vacations Inc" in Mission Viejo, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Resort Vacations Inc
CA

Resort Vacations Inc

Entity: Corporation

Industry: Other Activities Related to Real Estate

Location: Mission Viejo, CA

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Resort Vacations Inc is a corporation located at 27405 Puerta Real Ste 100 in Mission Viejo, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #5747608408

Loan Size:

$2M

Jobs Retained:

198

Loan Approved:

2021-02-09

Loan Status:

Ongoing Loan

Lender:

Western Alliance Bank

Resort Vacations Inc in Mission Viejo, CA received a Paycheck Protection Loan of $2M through Western Alliance Bank, which was approved in February, 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 More
Understanding 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 More

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, Resort Vacations Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $48,485 per employee1

Reported PPP Proceed Usage:

On the PPP application, Resort Vacations Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,995
  • Utilities: $1
Because the loan received by Resort Vacations Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Resort Vacations Inc in Mission Viejo, CA

Resort Vacations Inc
27405 Puerta Real Ste 100
Mission Viejo, CA 92691

Business Industry:
Other Activities Related to Real Estate
NAICS code 531390

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Orange County, CA — SBA Office 0920 — Congressional District: CA-45

Similar Companies near Mission Viejo

In the Mission Viejo area, 33 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 198) and received an average PPP loan of $92,734 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 77,402 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.64B 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 4 employees, 98% lower than Resort Vacations Inc's reported 198 employees, and received an average PPP loan of $47,089, 98% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Resort Vacations, Inc
CA

Resort Vacations, Inc

Entity: Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: Mission Viejo, CA

Search All PPP Data

Resort Vacations, Inc is a corporation located at 27405 Puerta Real, Ste. 100 in Mission Viejo, California that received a Coronavirus-related PPP loan from the SBA of $3,412,600.00 in April, 2020.

$ PPP Loan Information
Loan #5859157010

Loan Size:

$3.41M

Jobs Retained:

479

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

Western Alliance Bank

Resort Vacations, Inc in Mission Viejo, CA received a Paycheck Protection Loan of $3.41M through Western Alliance Bank, 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 October, 2021.

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 More
Understanding 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 More

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, Resort Vacations, Inc's 2019 payroll expenses are estimated to be at least $16.38M.

Based on their reported 479 jobs retained, this equals an estimated average yearly compensation of $34,197 per employee1

Reported PPP Proceed Usage:

On the PPP application, Resort Vacations, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,412,600
Because the loan received by Resort Vacations, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Resort Vacations, Inc in Mission Viejo, CA

Resort Vacations, Inc
27405 Puerta Real, Ste. 100
Mission Viejo, CA 92691

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Orange County, CA — SBA Office 0920 — Congressional District: CA-45

Similar Companies near Mission Viejo

In the Mission Viejo area, 6 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 479) and received an average PPP loan of $682,821 (compared to this company's $3.41M).

Industry PPP Comparison Statistics

Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 95% lower than Resort Vacations, Inc's reported 479 employees, and received an average PPP loan of $169,748, 95% lower than this company's loan of $3.41M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/resort-vacations-inc-mission-viejo-ca