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PPP Loan Data — C3 Specialty's Acquisition, LLC,
Beverly Hills, CA
C3 Specialty's Acquisition, LLC
Entity: Limited Liability Company (LLC)
Industry: Limited-Service Restaurants
Location: Beverly Hills, CA
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C3 Specialty's Acquisition, LLC is a limited liability company (LLC) located at 9247 Alden Dr in Beverly Hills, California that received a Coronavirus-related PPP loan from the SBA of $6,298,067.00 in August, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
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PPP Loan Information
Loan #4105228209
Loan Size:
Jobs Retained:
500Loan Approved:
2020-08-05Loan Status:
Ongoing LoanLender:
East West BankC3 Specialty's Acquisition, LLC in Beverly Hills, CA received a Paycheck Protection Loan of $6.3M through East West Bank, which was approved in August, 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, C3 Specialty's Acquisition, LLC's 2019 payroll expenses are estimated to be at least $30.23M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $60,461 per employee1
Reported PPP Proceed Usage:
On the PPP application, C3 Specialty's Acquisition, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,298,067
Business Information - C3 Specialty's Acquisition, LLC in Beverly Hills, CA
9247 Alden Dr
Beverly Hills, CA 90210
Business Industry:
Limited-Service Restaurants
NAICS code 722513
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as C3 Specialty's Acquisition, LLC.
Creating Culinary Communities LLC
Office Administrative Services
Dakota Development Company LLC
Commercial and Institutional Building Construction
Umami Restaurant Group, LLC
Limited-Service Restaurants
SBE Restaurant Group LLC
Full-Service Restaurants
Similar Companies near Beverly Hills
In the Beverly Hills area, 31 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 500) and received an average PPP loan of $272,955 (compared to this company's $6.3M).
Similar Nearby Businesses Who Received PPP Funding:
Sukkoth, LLC
Beverly Hills, CA
Lemonshark, LLC
Beverly Hills, CA
Midwest Food Management, LLC
Beverly Hills, CA
J&K Lakewood LLC
Beverly Hills, CA
Queen B Makeup Corp
Beverly Hills, CA
Melik S Inc DBA Kelly's Coffee And Fudge Factory
Beverly Hills, CA
Nahid La Patisserie Artistique Inc
Beverly Hills, CA
J & K Oakridge LLC
Beverly Hills, CA
Lauren Lee
Beverly Hills, CA
Industry PPP Comparison Statistics
Nationwide, 136,511 businesses in the "Limited-Service Restaurants" industry received a total of $13.86B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 96% lower than C3 Specialty's Acquisition, LLC's reported 500 employees, and received an average PPP loan of $101,497, 98% lower than this company's loan of $6.3M.
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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