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PPP Loan Data — Royals Springs Healthcare And Rehab, Los Angeles, CA

SBA PPP loan data, payroll data, and salaries for Royals Springs Healthcare And Rehab
CA

Royals Springs Healthcare And Rehab

Entity: Subchapter S Corporation

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Los Angeles, CA

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Royals Springs Healthcare And Rehab is a subchapter s corporation located at 1101 Crenshaw Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $2,650,610.00 in April, 2020.

The company has reported itself as an Asian female owned business, and employed at least 357 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.65M

Jobs Retained:

357

Loan Approved:

2020-04-29

Lender:

BANK OF THE WEST

Royals Springs Healthcare And Rehab in Los Angeles, CA received a Paycheck Protection Loan of $2.65M through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Royals Springs Healthcare And Rehab's total 2019 payroll expenses were approximately $12.72M in order to qualify for the PPP loan amount received.

Based on their reported 357 jobs retained, this equals an estimated average yearly compensation of $35,638 per employee1.

Because the loan received by Royals Springs Healthcare And Rehab 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 - Royals Springs Healthcare And Rehab in Los Angeles, CA

Royals Springs Healthcare And Rehab
1101 Crenshaw Blvd
Los Angeles, CA 90019

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-37

Similar Companies near Los Angeles

In the Los Angeles area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 119 employees (compared to this company's 357) and received an average PPP loan of $2,004,174 (compared to this company's $2.65M).

Industry PPP Comparison Statistics

Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 66 employees, 82% lower than Royals Springs Healthcare And Rehab's reported 357 employees, and received an average PPP loan of $557,944, 79% lower than this company's loan of $2.65M.

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/royals-springs-healthcare-and-rehab-los-angeles-ca