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PPP Loan Data — Watts Healthcare Corporation,
Los Angeles, CA
Watts Healthcare Corporation
Entity: Non-profit Organization
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Los Angeles, CA
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Watts Healthcare Corporation is a non-profit organization located at 10300 Compton Ave in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $5,182,635.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
349Loan Approved:
2020-04-13Lender:
CITY NATIONAL BANKWatts Healthcare Corporation received a Paycheck Protection Loan of $5.18M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Watts Healthcare Corporation's total 2019 payroll expenses were approximately $24.88M in order to qualify for the PPP loan amount received.
Based on their reported 349 jobs retained, this equals an estimated average yearly compensation of $71,280 per employee1.
Business Information - Watts Healthcare Corporation in Los Angeles, CA
10300 Compton Ave
Los Angeles, CA 90002
Business Industry
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-44Similar Companies near Los Angeles
In the Los Angeles area, 7 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 349) and received an average PPP loan of $779,584 (compared to this company's $5.18M).
Similar Nearby Businesses Who Received PPP Funding:
Florence Medical Center Inc
Los Angeles, CA
Susan Urstein Sheridan
Los Angeles, CA
ALI Abaian, MD Medical Corporation
Los Angeles, CA
Kennedy Occupational Medical Center, Inc
Los Angeles, CA
Lulu L Chen, MD Inc
Los Angeles, CA
Dorian Chiropractic Corporation
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 97% lower than Watts Healthcare Corporation's reported 349 employees, and received an average PPP loan of $138,136, 97% lower than this company's loan of $5.18M.
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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