PPP Loan Data — TLC Of The Bay Area Inc, Santa Clara, CA
TLC Of The Bay Area Inc
Location: Santa Clara, CATweet This • Search All PPP Data
TLC Of The Bay Area Inc is a corporation located at 991 Clyde Ave in Santa Clara, California that received a Coronavirus-related PPP loan from the SBA of $2,697,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Commonwealth Bank
TLC Of The Bay Area Inc in Santa Clara, CA received a Paycheck Protection Loan of $2.7M through First Commonwealth Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, TLC Of The Bay Area Inc's 2019 payroll expenses are estimated to be at least $12.95M.
Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $52,853 per employee1
Reported PPP Proceed Usage:
On the PPP application, TLC Of The Bay Area Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,697,700
Business Information - TLC Of The Bay Area Inc in Santa Clara, CA
991 Clyde Ave
Santa Clara, CA 95054
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Santa Clara
In the Santa Clara area, 3 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 121 employees (compared to this company's 245) and received an average PPP loan of $1,265,195 (compared to this company's $2.7M).
Similar Nearby Businesses Who Received PPP Funding:
Santa Clara, CA
Harmony Healthcare LLC
Santa Clara, CA
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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 12 employees, 95% lower than TLC Of The Bay Area Inc's reported 245 employees, and received an average PPP loan of $88,620, 97% lower than this company's loan of $2.7M.
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