PPP Loan Data — Varis LLC, Roseville, CA
Varis LLC is a limited liability company (LLC) located at 9245 Sierra College Blvd in Roseville, California that received a Coronavirus-related PPP loan from the SBA of $2,479,100.00 in April, 2020.
$ PPP Loan Information
Varis LLC received a Paycheck Protection Loan of $2.48M through EXCHANGE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Varis LLC's total 2019 payroll expenses were approximately $11.9M in order to qualify for the PPP loan amount received.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $88,146 per employee1.
Business Information - Varis LLC in Roseville, CA
9245 Sierra College Blvd
Roseville, CA 95661
Direct Health and Medical Insurance Carriers (NAICS code 524114)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-04
Similar Companies near Roseville
In the Roseville area, 6 businesses in the "Direct Health and Medical Insurance Carriers" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 135) and received an average PPP loan of $427,351 (compared to this company's $2.48M).
Similar Nearby Businesses Who Received PPP Funding:
Warren M Sivertson
Elite Health Care Services, LLC
G & D Washington Psychology Clinic, Inc
North Highlands, CA
Granite Point Psychiatry Group, Inc
Industry PPP Comparison Statistics
Nationwide, 2,356 businesses in the "Direct Health and Medical Insurance Carriers" industry received a total of $204,778,270.00 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 10 employees, 93% lower than Varis LLC's reported 135 employees, and received an average PPP loan of $86,918, 96% lower than this company's loan of $2.48M.
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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