PPP Loan Data — Sun Mar Rehabilitation Services LLC, Brea, CA
Sun Mar Rehabilitation Services LLC is a limited liability company (LLC) located at 3050 Saturn St in Brea, California that received a Coronavirus-related PPP loan from the SBA of $3,919,845.00 in April, 2020.
$ PPP Loan Information
Sun Mar Rehabilitation Services LLC in Brea, CA received a Paycheck Protection Loan of $3.92M through FIRST BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 93 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 188.
Based on standard PPP eligibility rules, Sun Mar Rehabilitation Services LLC's total 2019 payroll expenses were approximately $18.82M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 93 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Sun Mar Rehabilitation Services LLC in Brea, CA
3050 Saturn St
Brea, CA 92821
Continuing Care Retirement Communities (NAICS code 623311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-39
Industry PPP Comparison Statistics
Nationwide, 2,172 businesses in the "Continuing Care Retirement Communities" industry received a total of $1,251,764,538.00 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 69 employees, 26% lower than Sun Mar Rehabilitation Services LLC's reported 93 employees, and received an average PPP loan of $576,319, 85% lower than this company's loan of $3.92M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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