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PPP Loan Data — Jack Nadel Inc, Los Angeles, CA

SBA PPP loan data, payroll data, and salaries for Jack Nadel Inc
CA

Jack Nadel Inc

Entity: Limited Liability Company (LLC)

Industry: Advertising Agencies

Location: Los Angeles, CA

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Jack Nadel Inc is a limited liability company (LLC) located at 8701 Bellanca Ave in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $4,490,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.49M

Jobs Retained:

276

Loan Approved:

2020-04-12

Lender:

COMERICA BANK

Jack Nadel Inc received a Paycheck Protection Loan of $4.49M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jack Nadel Inc's total 2019 payroll expenses were approximately $21.55M in order to qualify for the PPP loan amount received.

Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $78,092 per employee1.

Because the loan received by Jack Nadel Inc 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 - Jack Nadel Inc in Los Angeles, CA

Jack Nadel Inc
8701 Bellanca Ave
Los Angeles, CA 90045

Business Industry

Advertising Agencies (NAICS code 541810)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-43

Similar Companies near Los Angeles

In the Los Angeles area, 22 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 276) and received an average PPP loan of $471,088 (compared to this company's $4.49M).

Industry PPP Comparison Statistics

Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 Jack Nadel Inc's reported 276 employees, and received an average PPP loan of $126,253, 97% lower than this company's loan of $4.49M.

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.

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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/jack-nadel-inc-los-angeles-ca