PPP Loan Data — Royal Care Companion Support Corporation, Cerritos, CA
Royal Care Companion Support Corporation is a corporation located at 13146 Rose St in Cerritos, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Royal Care Companion Support Corporation in Cerritos, CA received a Paycheck Protection Loan of $25,000 through U.S. Bank, National Association, which was approved in April, 2020.
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, Royal Care Companion Support Corporation's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Royal Care Companion Support Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Royal Care Companion Support Corporation in Cerritos, CA
13146 Rose St
Cerritos, CA 90703
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cerritos
In the Cerritos area, 39 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 10) and received an average PPP loan of $107,246 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Rosita P Quezon Caregiver
Alpha Care Physical Therapy Inc
Evergreen Care Inc
People's Care Home Health Inc
Privilege Home Services Inc
SOS Hospice, Inc
Unitedcare Hospice Inc
Industry PPP Comparison Statistics
Nationwide, 91,996 businesses in the "Home Health Care Services" industry received a total of $7.67B 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 15 employees, 50% higher than Royal Care Companion Support Corporation's reported 10 employees, and received an average PPP loan of $83,373, 233% higher than this company's loan of $25,000.
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Footnotes & Information
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