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PPP Loan Data — Associated Students Of The University Of California At Los A, Los Angeles, CA

SBA PPP loan data, payroll data, and salaries for Associated Students Of The University Of California At Los A
CA Nonprofit Organization

Associated Students Of The University Of California At Los A

Entity: Non-profit Organization

Industry: Educational Support Services

Location: Los Angeles, CA

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Associated Students Of The University Of California At Los A is a non-profit organization located at 308 Westwood Plaza in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $4,685,167.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.69M

Jobs Retained:

500

Loan Approved:

2020-05-05

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Associated Students Of The University Of California At Los A received a Paycheck Protection Loan of $4.69M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Associated Students Of The University Of California At Los A's total 2019 payroll expenses were approximately $22.49M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $44,978 per employee1.

Because the loan received by Associated Students Of The University Of California At Los A is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Associated Students Of The University Of California At Los A in Los Angeles, CA

Associated Students Of The University Of California At Los A
308 Westwood Plaza
Los Angeles, CA 90095

Business Industry

Educational Support Services (NAICS code 611710)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-33

Similar Companies near Los Angeles

In the Los Angeles area, 2 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 257 employees (compared to this company's 500) and received an average PPP loan of $2,441,105 (compared to this company's $4.69M).

Similar Nearby Businesses Who Received PPP Funding:

Study Smart Tutors Inc
Westlake Village, CA

$197,043 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 14,366 businesses in the "Educational Support Services" industry received a total of $1,365,122,225.00 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 9 employees, 98% lower than Associated Students Of The University Of California At Los A's reported 500 employees, and received an average PPP loan of $95,025, 98% lower than this company's loan of $4.69M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/associated-students-of-the-university-of-california-at-los-a-los-angeles-ca