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PPP Loan Data — Jewish Federation Council Of Greater Los Angeles, Los Angeles, CA

SBA PPP loan data, payroll data, and salaries for Jewish Federation Council Of Greater Los Angeles
CA

Jewish Federation Council Of Greater Los Angeles

Entity: Limited Liability Company (LLC)

Industry: Grantmaking Foundations

Location: Los Angeles, CA

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Jewish Federation Council Of Greater Los Angeles is a limited liability company (LLC) located at 6505 Wilshire Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,362,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.36M

Jobs Retained:

162

Loan Approved:

2020-04-13

Lender:

CITY NATIONAL BANK

Jewish Federation Council Of Greater Los Angeles in Los Angeles, CA received a Paycheck Protection Loan of $3.36M through CITY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jewish Federation Council Of Greater Los Angeles' total 2019 payroll expenses were approximately $16.14M in order to qualify for the PPP loan amount received.

Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $99,630 per employee1.

Because the loan received by Jewish Federation Council Of Greater Los Angeles 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 - Jewish Federation Council Of Greater Los Angeles in Los Angeles, CA

Jewish Federation Council Of Greater Los Angeles
6505 Wilshire Blvd
Los Angeles, CA 90048

Business Industry

Grantmaking Foundations (NAICS code 813211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-33

Similar Companies near Los Angeles

In the Los Angeles area, 8 businesses in the "Grantmaking Foundations" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 162) and received an average PPP loan of $614,929 (compared to this company's $3.36M).

Industry PPP Comparison Statistics

Nationwide, 3,204 businesses in the "Grantmaking Foundations" industry received a total of $410,316,849.00 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 12 employees, 93% lower than Jewish Federation Council Of Greater Los Angeles' reported 162 employees, and received an average PPP loan of $128,064, 96% lower than this company's loan of $3.36M.

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.

Search FederalPay's Full PPP Loan Database

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/jewish-federation-council-of-greater-los-angeles-los-angeles-ca