PPP Loan Data — Rosswood Properties LLC, Santa Clara, CA
Rosswood Properties LLC is a limited liability company (LLC) located at 309 Laurelwood Road in Santa Clara, California that received a Coronavirus-related PPP loan from the SBA of $1,864,565.00 in July, 2020.
The company has reported itself as a White male owned business, and employed at least 35 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Rosswood Properties LLC in Santa Clara, CA received a Paycheck Protection Loan of $1.86M through Fundbox, Inc., which was approved in July, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 89. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Rosswood Properties LLC's 2019 payroll expenses are estimated to be at least $8.95M (not accounting for salary amounts > $100k).
Because the 35 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Rosswood Properties LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,864,565
Business Information - Rosswood Properties LLC in Santa Clara, CA
309 Laurelwood Road
Santa Clara, CA 95054
Human Resources Consulting Services
NAICS code 541612
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Santa Clara
In the Santa Clara area, 2 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 35) and received an average PPP loan of $949,779 (compared to this company's $1.86M).
Similar Nearby Businesses Who Received PPP Funding:
We Career Inc
Santa Clara, CA
Industry PPP Comparison Statistics
Nationwide, 10,577 businesses in the "Human Resources Consulting Services" industry received a total of $842.84M 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, 80% lower than Rosswood Properties LLC's reported 35 employees, and received an average PPP loan of $79,686, 96% lower than this company's loan of $1.86M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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