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PPP Loan Data — Alamo Bloc LLC,
Los Angeles, CA
FRANCHISE
CAAlamo Bloc LLC
Entity: Limited Liability Company (LLC)
Industry: Motion Picture Theaters (except Drive-Ins)
Franchise: Alamo Intermediate II Holdings, LLC
Location: Los Angeles, CA
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Alamo Bloc LLC is a limited liability company (LLC) located at 700 W 7th St in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $531,300.00 in April, 2021. This business is a Alamo Intermediate II Holdings, LLC franchise.
The company has reported itself as a White female owned business, and employed at least four people during the applicable loan loan period.
$
PPP Loan Information
Loan #2282668900
Loan Size:
Jobs Retained:
4Loan Approved:
2021-04-26Loan Status:
Ongoing LoanLender:
Frost BankAlamo Bloc LLC in Los Angeles, CA received a Paycheck Protection Loan of $531,300 through Frost Bank, which was approved in April, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 4 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.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 26. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Alamo Bloc LLC's 2019 payroll expenses are estimated to be at least $2.55M (not accounting for salary amounts > $100k).
Because the 4 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Alamo Bloc LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $531,296
- Utilities: $1
Business Information - Alamo Bloc LLC in Los Angeles, CA
700 W 7th St
Los Angeles, CA 90017
Business Industry:
Motion Picture Theaters (except Drive-Ins)
NAICS code 512131
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,978 businesses in the "Motion Picture Theaters (except Drive-Ins)" industry received a total of $198.1M 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 25 employees, 525% higher than Alamo Bloc LLC's reported 4 employees, and received an average PPP loan of $100,152, 81% lower than this company's loan of $531,300.
FRANCHISE
CAAlamo Bloc LLC
Entity: Limited Liability Company (LLC)
Industry: Motion Picture Theaters (except Drive-Ins)
Franchise: Alamo Intermediate II Holdings, LLC
Location: Los Angeles, CA
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•
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Alamo Bloc LLC is a limited liability company (LLC) located at 700 W 7th St in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $2,466,400.00 in April, 2020. This business is a Alamo Intermediate II Holdings, LLC franchise.
The company has reported itself as a White female owned business, and employed at least 150 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7278897010
Loan Size:
Jobs Retained:
150Loan Approved:
2020-04-07Loan Status:
Ongoing LoanLender:
Frost BankAlamo Bloc LLC in Los Angeles, CA received a Paycheck Protection Loan of $2.47M through Frost Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Alamo Bloc LLC's 2019 payroll expenses are estimated to be at least $11.84M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $78,925 per employee1
Reported PPP Proceed Usage:
On the PPP application, Alamo Bloc LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,466,400
Business Information - Alamo Bloc LLC in Los Angeles, CA
700 W 7th St
Los Angeles, CA 90017
Business Industry:
Motion Picture Theaters (except Drive-Ins)
NAICS code 512131
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,978 businesses in the "Motion Picture Theaters (except Drive-Ins)" industry received a total of $198.1M 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 25 employees, 83% lower than Alamo Bloc LLC's reported 150 employees, and received an average PPP loan of $100,152, 96% lower than this company's loan of $2.47M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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