Boffo Cinemas LLC in La Jolla, CA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Boffo Cinemas LLC, La Jolla, CA

Boffo Cinemas LLC

Entity: Limited Liability Company (LLC)

Industry: Motion Picture Theaters (except Drive-Ins)

Location: La Jolla, CA

Boffo Cinemas LLC is a limited liability company (LLC) located at 7611 Fay Ave in La Jolla, California that received a Coronavirus-related PPP loan from the SBA of $2,539,427.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.54M

Jobs Retained:

415

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Boffo Cinemas LLC received a Paycheck Protection Loan of $2.54M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Boffo Cinemas LLC's total 2019 payroll expenses were approximately $12.19M in order to qualify for the PPP loan amount received.

Based on their reported 415 jobs retained, this equals an estimated average yearly compensation of $29,372 per employee¹.

Because the loan received by Boffo Cinemas LLC 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 - Boffo Cinemas LLC in La Jolla, CA

Boffo Cinemas LLC
7611 Fay Ave
La Jolla, CA 92037

Business Industry

Motion Picture Theaters (except Drive-Ins) (NAICS code 512131)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-52

Industry PPP Comparison Statistics

Nationwide, 1,375 businesses in the "Motion Picture Theaters (except Drive-Ins)" industry received a total of $148,745,050.00 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 24 employees, 94% lower than Boffo Cinemas LLC's reported 415 employees, and received an average PPP loan of $108,178, 96% lower than this company's loan of $2.54M.

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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