PPP Loan Data — Royals Springs Healthcare And Rehab, Los Angeles, CA
Royals Springs Healthcare And Rehab
Entity: Subchapter S Corporation
Location: Los Angeles, CATweet This • Search All PPP Data
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
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.
Business Information - Royals Springs Healthcare And Rehab in Los Angeles, CA
1101 Crenshaw Blvd
Los Angeles, CA 90019
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
St John Of God Retirement And Care Ctr
Los Angeles, CA
Washington Enterprises III LLC
Los Angeles, CA
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.
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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