PPP Loan Data — Arete Associates, Northridge, CA
Industry: Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
Location: Northridge, CATweet This • Search All PPP Data
Arete Associates is a corporation located at 9301 Corbin Avenue, Suite 2000 in Northridge, California that received a Coronavirus-related PPP loan from the SBA of $5,702,200.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Arete Associates in Northridge, CA received a Paycheck Protection Loan of $5.7M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Arete Associates' total 2019 payroll expenses were approximately $27.37M in order to qualify for the PPP loan amount received.
Based on their reported 296 jobs retained, this equals an estimated average yearly compensation of $92,468 per employee1.
Business Information - Arete Associates in Northridge, CA
9301 Corbin Avenue, Suite 2000
Northridge, CA 91324
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-30
Industry PPP Comparison Statistics
Nationwide, 2,580 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a total of $574,978,946.00 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 12 employees, 96% lower than Arete Associates' reported 296 employees, and received an average PPP loan of $222,860, 96% lower than this company's loan of $5.7M.
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, 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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