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PPP Loan Data — Richmond Area Multi-Services, Inc, San Francisco, CA

SBA PPP loan data, payroll data, and salaries for Richmond Area Multi-Services, Inc
CA Nonprofit Organization

Richmond Area Multi-Services, Inc

Entity: Non-profit Organization

Industry: Offices of Mental Health Practitioners (except Physicians)

Location: San Francisco, CA

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Richmond Area Multi-Services, Inc is a non-profit organization located at 4355 Geary Blvd in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $3,552,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.55M

Jobs Retained:

368

Loan Approved:

2020-04-06

Lender:

BANK OF SAN FRANCISCO

Richmond Area Multi-Services, Inc in San Francisco, CA received a Paycheck Protection Loan of $3.55M through BANK OF SAN FRANCISCO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Richmond Area Multi-Services, Inc's total 2019 payroll expenses were approximately $17.05M in order to qualify for the PPP loan amount received.

Based on their reported 368 jobs retained, this equals an estimated average yearly compensation of $46,333 per employee1.

Because the loan received by Richmond Area Multi-Services, 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 - Richmond Area Multi-Services, Inc in San Francisco, CA

Richmond Area Multi-Services, Inc
4355 Geary Blvd
San Francisco, CA 94118

Business Industry

Offices of Mental Health Practitioners (except Physicians) (NAICS code 621330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 28 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 368) and received an average PPP loan of $142,636 (compared to this company's $3.55M).

Industry PPP Comparison Statistics

Nationwide, 19,828 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a total of $847,562,029.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 99% lower than Richmond Area Multi-Services, Inc's reported 368 employees, and received an average PPP loan of $42,746, 99% lower than this company's loan of $3.55M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/richmond-area-multi-services-inc-san-francisco-ca