FederalPay.org
PPP Loan Data — Global Security Concepts Inc.,
Los Angeles, CA
Global Security Concepts Inc.
Entity: Corporation
Industry: Security Guards and Patrol Services
Location: Los Angeles, CA
Tweet This
•
Search All PPP Data
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
Loan Size:
Jobs Retained:
394Loan Approved:
2020-04-15Lender:
CITY NATIONAL BANKGlobal 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
Business Industry
Security Guards and Patrol Services (NAICS code 561612)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-33Similar 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.
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, and is published unmodified, as provided by the SBA.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!