PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Felbro Inc, Los Angeles, CA

ALERT: There are 2 PPP loans for a total of $1.45M in our database for businesses with the name "Felbro Inc" in Los Angeles, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Felbro Inc
CA

Felbro Inc

Entity: Corporation

Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing

Location: Los Angeles, CA

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Felbro Inc is a corporation located at 3666 E Olympic Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $578,533.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least 53 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4717258306

Loan Size:

$578,533

Jobs Retained:

53

Loan Approved:

2021-01-23

Loan Status:

Paid in Full or Forgiven

Lender:

American Business Bank

Felbro Inc in Los Angeles, CA received a Paycheck Protection Loan of $578,533 through American Business Bank, which was approved in January, 2021.

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 September, 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, Felbro Inc's 2019 payroll expenses are estimated to be at least $2.78M.

Based on their reported 53 jobs retained, this equals an estimated average yearly compensation of $52,395 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $578,528
  • Utilities: $1

Business Information - Felbro Inc in Los Angeles, CA

Felbro Inc
3666 E Olympic Blvd
Los Angeles, CA 90023

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

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, 3 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 53) and received an average PPP loan of $217,270 (compared to this company's $578,533).

Industry PPP Comparison Statistics

Nationwide, 8,405 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1.96B 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 20 employees, 62% lower than Felbro Inc's reported 53 employees, and received an average PPP loan of $232,889, 60% lower than this company's loan of $578,533.

SBA PPP loan data, payroll data, and salaries for Felbro, Inc
CA

Felbro, Inc

Entity: Corporation

Industry: Other Construction Material Merchant Wholesalers

Location: Los Angeles, CA

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Felbro, Inc is a corporation located at 3666 E Olympic Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $869,700.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 60 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4141537100

Loan Size:

$869,700

Jobs Retained:

60

Loan Approved:

2020-04-12

Loan Status:

Paid in Full or Forgiven

Lender:

American Business Bank

Felbro, Inc in Los Angeles, CA received a Paycheck Protection Loan of $869,700 through American Business 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 January, 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, Felbro, Inc's 2019 payroll expenses are estimated to be at least $4.17M.

Based on their reported 60 jobs retained, this equals an estimated average yearly compensation of $69,576 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $694,932
  • Utilities: $28,042
  • Mortgage Interest: $809
  • Rent: $80,000
  • Health Care: $64,004
  • Debt Interest: $1,913

Business Information - Felbro, Inc in Los Angeles, CA

Felbro, Inc
3666 E Olympic Blvd
Los Angeles, CA 90023

Business Industry:
Other Construction Material Merchant Wholesalers
NAICS code 423390

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

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, 2 businesses in the "Other Construction Material Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 60) and received an average PPP loan of $439,479 (compared to this company's $869,700).

Similar Nearby Businesses Who Received PPP Funding:

Hami Construction
Los Angeles, CA

$9,257 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,289 businesses in the "Other Construction Material Merchant Wholesalers" industry received a total of $485.65M 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 8 employees, 87% lower than Felbro, Inc's reported 60 employees, and received an average PPP loan of $91,823, 89% lower than this company's loan of $869,700.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/felbro-inc-los-angeles-ca