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PPP Loan Data — Strategies To Empower People, Inc.,
Sacramento, CA
Strategies To Empower People, Inc.
Entity: Corporation
Industry: Assisted Living Facilities for the Elderly
Location: Sacramento, CA
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Strategies To Empower People, Inc. is a corporation located at 2330 Glendale Ln in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $4,952,300.00 in May, 2020.
The company has reported itself as a White female owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-05-13Lender:
UMPQUA BANKStrategies To Empower People, Inc. received a Paycheck Protection Loan of $4.95M through UMPQUA BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Strategies To Empower People, Inc.'s total 2019 payroll expenses were approximately $23.77M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $47,542 per employee1.
Business Information - Strategies To Empower People, Inc. in Sacramento, CA
2330 Glendale Ln
Sacramento, CA 95825
Business Industry
Assisted Living Facilities for the Elderly (NAICS code 623312)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-06Similar Companies near Sacramento
In the Sacramento area, 2 businesses in the "Assisted Living Facilities for the Elderly" industry received a PPP loan. These local businesses reported an average of 280 employees (compared to this company's 500) and received an average PPP loan of $2,612,900 (compared to this company's $4.95M).
Similar Nearby Businesses Who Received PPP Funding:
Solar Senior Living 2 LLC
Sacramento, CA
Industry PPP Comparison Statistics
Nationwide, 6,544 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1,444,187,946.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 32 employees, 94% lower than Strategies To Empower People, Inc.'s reported 500 employees, and received an average PPP loan of $220,689, 96% lower than this company's loan of $4.95M.
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.
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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