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Santa Cruz Standard

Wednesday, October 9, 2024

HHS provides $152,232 to businesses in Palos Verdes Estates under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Palos Verdes Estates received $152,232 in health-related relief from the CARES Act issued by the Department of Health and Human Services.

According to numbers reported through the fourth quarter of 2020, businesses in California received $8.6 billion in health-related relief from the CARES Act issued by the Department of Health and Human Services. The largest recipient of funding in the state was County of Los Angeles with a total of $315.4 million. The average loan size in the city was $10,149 while the state's average loan amount was $175,782.

Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn't returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren't eligible to receive it once the final rules were sent out.

According to the Department of Health and Human Services, this information represents the list of providers that received a payment from the General Distribution, High Impact Targeted Allocation, Safety Net Hospitals, Non-Medicare, Rural Targeted Allocation and/or the Skilled Nursing Facility Targeted Allocation of the Provider Relief Fund and who have attested to receiving one or more payments and agreed to the Terms and Conditions as of July 8, 2020.

All PPP loan recipients
RankBusinessDollar Amount Received
1Thomas Ying, Inc., D.D.S.$32,465
2LV Therapy Group, Inc.$26,811
3Revivex Healthcare, Inc.$20,811
4Karen J. Liang Dental Corp$15,854
5Marcos Yang, Inc., M.D.$13,435
6Boris Gelman, Inc., M.D.$11,748
7Raj a. Mittal, a Medical Corporation, M.D.$10,237
8Michael R. Simon a Professional Corporation, D.D.S.$9,755
9Judith Carl$4,889
10Andrew F. Blew$1,749
11Michael Schultz Inc., D.D.S.$1,472
12Arun K Mittal a Medical Corporation, M.D.$1,372
13Anaheim Radiology Medical Group, Inc.$860
14James Liu$670
15ONG Medical Clinic$104

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