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PPP Loan Data — Royals Springs Healthcare And Rehab,
Los Angeles, 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.
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PPP Loan Information
Loan #2445407303
Loan Size:
Jobs Retained:
357Loan Approved:
2020-04-29Loan Status:
Paid in Full or ForgivenLender:
Bank of the WestRoyals 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.
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 July, 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 MoreUnderstanding 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 MoreBased 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, Royals Springs Healthcare And Rehab's 2019 payroll expenses are estimated to be at least $12.72M.
Based on their reported 357 jobs retained, this equals an estimated average yearly compensation of $35,638 per employee1
Reported PPP Proceed Usage:
On the PPP application, Royals Springs Healthcare And Rehab reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,650,610
Business Information - Royals Springs Healthcare And Rehab in Los Angeles, CA
1101 Crenshaw Blvd
Los Angeles, CA 90019
Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Race: Asian
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age:
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 6 other businesses that received a PPP loan registered to the same address as Royals Springs Healthcare And Rehab.
Free Line Wireless LLC
Wireless Telecommunications Carriers (except Satellite)
Freeline Wireless LLC
Wireless Telecommunications Carriers (except Satellite)
JPH Consulting Inc
All Other Miscellaneous Ambulatory Health Care Services
Good Shepherd Healthcare Center Of Santa Monica
All Other Miscellaneous Ambulatory Health Care Services
Fidelity Healthcare Center, Inc
All Other Miscellaneous Ambulatory Health Care Services
La Huntington Healthcare LLC
All Other Miscellaneous Ambulatory Health Care Services
Similar Companies near Los Angeles
In the Los Angeles area, 5 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 125 employees (compared to this company's 357) and received an average PPP loan of $1,209,201 (compared to this company's $2.65M).
Similar Nearby Businesses Who Received PPP Funding:
St John Of God Retirement And Care Ctr
Los Angeles, CA
Abigail Boku
Los Angeles, CA
Washington Enterprises III LLC
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 15,149 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.79B 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 60 employees, 83% lower than Royals Springs Healthcare And Rehab's reported 357 employees, and received an average PPP loan of $448,084, 83% 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, 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.
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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