PPP Loan Data — Global Security Concepts Inc., Los Angeles, CA
Global Security Concepts Inc. is a corporation located at 7250 Beverly Blvd #208 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $2,582,722.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 394 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
Global Security Concepts Inc. in Los Angeles, CA received a Paycheck Protection Loan of $2.58M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Global Security Concepts Inc.'s total 2019 payroll expenses were approximately $12.4M in order to qualify for the PPP loan amount received.
Based on their reported 394 jobs retained, this equals an estimated average yearly compensation of $31,465 per employee1.
Business Information - Global Security Concepts Inc. in Los Angeles, CA
7250 Beverly Blvd #208
Los Angeles, CA 90036
Security Guards and Patrol Services (NAICS code 561612)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-33
Similar Companies near Los Angeles
In the Los Angeles area, 2 businesses in the "Security Guards and Patrol Services" industry received a PPP loan. These local businesses reported an average of 214 employees (compared to this company's 394) and received an average PPP loan of $1,382,750 (compared to this company's $2.58M).
Similar Nearby Businesses Who Received PPP Funding:
International Security Academy Inc
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 4,165 businesses in the "Security Guards and Patrol Services" industry received a total of $1,003,129,142.00 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 36 employees, 91% lower than Global Security Concepts Inc.'s reported 394 employees, and received an average PPP loan of $240,847, 91% lower than this company's loan of $2.58M.
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