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PPP Loan Data — Atkinson, Andelson, Loya, Ruud And Romo, Cerritos, CA

SBA PPP loan data, payroll data, and salaries for Atkinson, Andelson, Loya, Ruud And Romo
CA

Atkinson, Andelson, Loya, Ruud And Romo

Entity: Corporation

Industry: Offices of Lawyers

Location: Cerritos, CA

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Atkinson, Andelson, Loya, Ruud And Romo is a corporation located at 12800 Center Court Drive Suite 300 in Cerritos, California that received a Coronavirus-related PPP loan from the SBA of $6,631,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 327 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3033437103

Loan Size:

$6.63M

Jobs Retained:

327

Loan Approved:

2020-04-11

Loan Status:

Paid in Full or Forgiven

Lender:

Friendly Hills Bank

Atkinson, Andelson, Loya, Ruud And Romo in Cerritos, CA received a Paycheck Protection Loan of $6.63M through Friendly Hills Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.

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 More
Understanding 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 More

Based 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, Atkinson, Andelson, Loya, Ruud And Romo's 2019 payroll expenses are estimated to be at least $31.83M.

Based on their reported 327 jobs retained, this equals an estimated average yearly compensation of $97,336 per employee1

Reported PPP Proceed Usage:

On the PPP application, Atkinson, Andelson, Loya, Ruud And Romo reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,752,900
  • Utilities: $66,100
  • Rent: $812,000
Because the loan received by Atkinson, Andelson, Loya, Ruud And Romo 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 - Atkinson, Andelson, Loya, Ruud And Romo in Cerritos, CA

Atkinson, Andelson, Loya, Ruud And Romo
12800 Center Court Drive Suite 300
Cerritos, CA 90703

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-38

Similar Companies near Cerritos

In the Cerritos area, 35 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 327) and received an average PPP loan of $300,549 (compared to this company's $6.63M).

Industry PPP Comparison Statistics

Nationwide, 190,619 businesses in the "Offices of Lawyers" industry received a total of $16.02B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 98% lower than Atkinson, Andelson, Loya, Ruud And Romo's reported 327 employees, and received an average PPP loan of $84,053, 99% lower than this company's loan of $6.63M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/atkinson-andelson-loya-ruud-and-romo-cerritos-ca