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PPP Loan Data — Inglewood Park Cemetary, Inglewood, CA

SBA PPP loan data, payroll data, and salaries for Inglewood Park Cemetary
CA Nonprofit Organization

Inglewood Park Cemetary

Entity: Non-profit Organization

Industry: Cemeteries and Crematories

Location: Inglewood, CA

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Inglewood Park Cemetary is a non-profit organization located at 720 E Florence Avenue in Inglewood, California that received a Coronavirus-related PPP loan from the SBA of $2,715,568.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.72M

Jobs Retained:

277

Loan Approved:

2020-04-15

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Inglewood Park Cemetary in Inglewood, CA received a Paycheck Protection Loan of $2.72M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Inglewood Park Cemetary's total 2019 payroll expenses were approximately $13.03M in order to qualify for the PPP loan amount received.

Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $47,057 per employee1.

Because the loan received by Inglewood Park Cemetary is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Inglewood Park Cemetary in Inglewood, CA

Inglewood Park Cemetary
720 E Florence Avenue
Inglewood, CA 90301

Business Industry

Cemeteries and Crematories (NAICS code 812220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-43

Industry PPP Comparison Statistics

Nationwide, 1,158 businesses in the "Cemeteries and Crematories" industry received a total of $94,217,210.00 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 8 employees, 97% lower than Inglewood Park Cemetary's reported 277 employees, and received an average PPP loan of $81,362, 97% lower than this company's loan of $2.72M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/inglewood-park-cemetary-inglewood-ca