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

PPP Loan Data — Harkham Gaon Academy Inc, Los Angeles, CA

ALERT: There are 2 PPP loans for a total of $266,315 in our database for businesses with the name "Harkham Gaon Academy 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 Harkham Gaon Academy Inc
CA Nonprofit Organization

Harkham Gaon Academy Inc

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Los Angeles, CA

Search All PPP Data

Harkham Gaon Academy Inc is a non-profit organization located at 5870 W Olympic Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $126,015.00 in February, 2021.

$ PPP Loan Information
Loan #3333758408

Loan Size:

$126,015

Jobs Retained:

13

Loan Approved:

2021-02-04

Loan Status:

Paid in Full or Forgiven

Lender:

First Republic Bank

Harkham Gaon Academy Inc in Los Angeles, CA received a Paycheck Protection Loan of $126,015 through First Republic Bank, which was approved in February, 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 October, 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, Harkham Gaon Academy Inc's 2019 payroll expenses are estimated to be at least $604,872.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $46,529 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $126,011
  • Utilities: $1

Business Information - Harkham Gaon Academy Inc in Los Angeles, CA

Harkham Gaon Academy Inc
5870 W Olympic Blvd
Los Angeles, CA 90036

Business Industry:
Elementary and Secondary Schools
NAICS code 611110

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: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-37

Businesses Using Same Address:

There are 3 other businesses that received a PPP loan registered to the same address as Harkham Gaon Academy Inc.

Supreme Aquatics, Inc
Sports Teams and Clubs

$6,307 PPP Loan

LK Swim School, Inc
All Other Personal Services

$266,414 PPP Loan

Westside Jewish Community Center Inc
Religious Organizations

$361,383 PPP Loan

Similar Companies near Los Angeles

In the Los Angeles area, 41 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 13) and received an average PPP loan of $426,252 (compared to this company's $126,015).

Industry PPP Comparison Statistics

Nationwide, 22,634 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B 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 38 employees, 192% higher than Harkham Gaon Academy Inc's reported 13 employees, and received an average PPP loan of $324,628, 158% higher than this company's loan of $126,015.

SBA PPP loan data, payroll data, and salaries for Harkham-Gaon Academy Inc
CA Nonprofit Organization

Harkham-Gaon Academy Inc

Entity: Non-profit Organization

Industry: All Other Miscellaneous Schools and Instruction

Location: Los Angeles, CA

Search All PPP Data

Harkham-Gaon Academy Inc is a non-profit organization located at 5870 W Olympic Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $140,300.00 in April, 2020.

$ PPP Loan Information
Loan #1419947303

Loan Size:

$140,300

Jobs Retained:

17

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

First Republic Bank

Harkham-Gaon Academy Inc in Los Angeles, CA received a Paycheck Protection Loan of $140,300 through First Republic 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 May, 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, Harkham-Gaon Academy Inc's 2019 payroll expenses are estimated to be at least $673,440.

Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $39,614 per employee1

Reported PPP Proceed Usage:

On the PPP application, Harkham-Gaon Academy Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $140,300

Business Information - Harkham-Gaon Academy Inc in Los Angeles, CA

Harkham-Gaon Academy Inc
5870 W Olympic Blvd
Los Angeles, CA 90036

Business Industry:
All Other Miscellaneous Schools and Instruction
NAICS code 611699

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: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-37

Businesses Using Same Address:

There are 3 other businesses that received a PPP loan registered to the same address as Harkham-Gaon Academy Inc.

Supreme Aquatics, Inc
Sports Teams and Clubs

$6,307 PPP Loan

LK Swim School, Inc
All Other Personal Services

$266,414 PPP Loan

Westside Jewish Community Center Inc
Religious Organizations

$361,383 PPP Loan

Similar Companies near Los Angeles

In the Los Angeles area, 33 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 17) and received an average PPP loan of $33,565 (compared to this company's $140,300).

Industry PPP Comparison Statistics

Nationwide, 28,105 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $1.51B 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 9 employees, 47% lower than Harkham-Gaon Academy Inc's reported 17 employees, and received an average PPP loan of $53,852, 62% lower than this company's loan of $140,300.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

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