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PPP Loan Data — Frandzel Robins Bloom & Csato, L.C.,
Los Angeles, CA
Frandzel Robins Bloom & Csato, L.C.
Entity: Corporation
Industry: Offices of Lawyers
Location: Los Angeles, CA
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Frandzel Robins Bloom & Csato, L.C. is a corporation located at 1000 Wilshire Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $833,300.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 47 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
47Loan Approved:
2020-04-07Lender:
CITY NATIONAL BANKFrandzel Robins Bloom & Csato, L.C. received a Paycheck Protection Loan of $833,300 through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Frandzel Robins Bloom & Csato, L.C.'s total 2019 payroll expenses were approximately $4M in order to qualify for the PPP loan amount received.
Based on their reported 47 jobs retained, this equals an estimated average yearly compensation of $85,103 per employee1.
Business Information - Frandzel Robins Bloom & Csato, L.C. in Los Angeles, CA
1000 Wilshire Blvd
Los Angeles, CA 90017
Business Industry
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-34Similar Companies near Los Angeles
In the Los Angeles area, 195 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 47) and received an average PPP loan of $329,088 (compared to this company's $833,300).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 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, 87% lower than Frandzel Robins Bloom & Csato, L.C.'s reported 47 employees, and received an average PPP loan of $94,010, 89% lower than this company's loan of $833,300.
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. 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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