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PPP Loan Data — Eskimo, LLC, Los Angeles, CA

SBA PPP loan data, payroll data, and salaries for Eskimo, LLC
CA

Eskimo, LLC

Entity: Limited Liability Company (LLC)

Industry: Motion Picture and Video Production

Location: Los Angeles, CA

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Eskimo, LLC is a limited liability company (LLC) located at 837 Traction Ave Unit 304 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $25,222.00 in May, 2020.

$ PPP Loan Information
Loan #2149387708

Loan Size:

$25,222

Jobs Retained:

30

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

Eskimo, LLC in Los Angeles, CA received a Paycheck Protection Loan of $25,222 through JPMorgan Chase Bank, National Association, which was approved in May, 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 June, 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, Eskimo, LLC's 2019 payroll expenses are estimated to be at least $121,066.

Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $4,036 per employee1

Reported PPP Proceed Usage:

On the PPP application, Eskimo, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $21,000
  • Rent: $4,222

Business Information - Eskimo, LLC in Los Angeles, CA

Eskimo, LLC
837 Traction Ave Unit 304
Los Angeles, CA 90013

Business Industry:
Motion Picture and Video Production
NAICS code 512110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-34

Similar Companies near Los Angeles

In the Los Angeles area, 108 businesses in the "Motion Picture and Video Production" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 30) and received an average PPP loan of $71,066 (compared to this company's $25,222).

Industry PPP Comparison Statistics

Nationwide, 30,192 businesses in the "Motion Picture and Video Production" industry received a total of $1.32B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 4 employees, 87% lower than Eskimo, LLC's reported 30 employees, and received an average PPP loan of $43,645, 73% higher than this company's loan of $25,222.

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.

Search FederalPay's Full PPP Loan Database

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/eskimo-llc-los-angeles-ca