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PPP Loan Data — Justice Investors LP,
Los Angeles, CA
Justice Investors LP
Entity: Partnership
Industry: Hotels (except Casino Hotels) and Motels
Location: Los Angeles, CA
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Justice Investors LP is a partnership located at 1516 S Bundy Dr Ste 200 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least 145 people during the applicable loan loan period.
$
PPP Loan Information
Loan #2621488410
Loan Size:
Jobs Retained:
145Loan Approved:
2021-02-03Loan Status:
Paid in Full or ForgivenLender:
CIBC Bank USAJustice Investors LP in Los Angeles, CA received a Paycheck Protection Loan of $2M through CIBC Bank USA, 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 January, 2022.
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 MoreUnderstanding 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 MoreBased 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, Justice Investors LP's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $66,207 per employee1
Reported PPP Proceed Usage:
On the PPP application, Justice Investors LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Justice Investors LP in Los Angeles, CA
1516 S Bundy Dr Ste 200
Los Angeles, CA 90025
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Los Angeles
In the Los Angeles area, 60 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 145) and received an average PPP loan of $350,982 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Framingham Hotel Property Company LLC
Los Angeles, CA
VN Hotel, LLC
Los Angeles, CA
Country Club Hotel LLC
Los Angeles, CA
Integrated Capital Silver Spring
Los Angeles, CA
IC Pittsburgh LLC
Los Angeles, CA
Ocbsm Owner, LLC
Los Angeles, CA
Hollywood Inn Exp- South
Los Angeles, CA
Siaram Hospitality, Inc
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 81,980 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 84% lower than Justice Investors LP's reported 145 employees, and received an average PPP loan of $169,779, 92% lower than this company's loan of $2M.
Justice Investors LP
Entity: Partnership
Industry: Lessors of Nonresidential Buildings (except Miniwarehouses)
Location: Los Angeles, CA
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Justice Investors LP is a partnership located at 12121 Wilshire Blvd Suite 610 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $4,719,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 270 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9473397007
Loan Size:
Jobs Retained:
270Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
CIBC Bank USAJustice Investors LP in Los Angeles, CA received a Paycheck Protection Loan of $4.72M through CIBC Bank USA, 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 July, 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 MoreUnderstanding 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 MoreBased 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, Justice Investors LP's 2019 payroll expenses are estimated to be at least $22.65M.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $83,895 per employee1
Reported PPP Proceed Usage:
On the PPP application, Justice Investors LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,719,100
Business Information - Justice Investors LP in Los Angeles, CA
12121 Wilshire Blvd Suite 610
Los Angeles, CA 90025
Business Industry:
Lessors of Nonresidential Buildings (except Miniwarehouses)
NAICS code 531120
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Los Angeles
In the Los Angeles area, 59 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 270) and received an average PPP loan of $294,011 (compared to this company's $4.72M).
Similar Nearby Businesses Who Received PPP Funding:
Casa Mediterrania Holdings, LP
Los Angeles, CA
Fountain Management, LLC
Los Angeles, CA
Moritz Properties
Los Angeles, CA
Pacific Properties Group Inc
Los Angeles, CA
Hard 8 Mile, Inc
Los Angeles, CA
Opics Real Estate Investments & Brokerage, LLC
Los Angeles, CA
Saltmine LLC
Los Angeles, CA
Fairmont Management Inc
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 19,179 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.7B 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 10 employees, 96% lower than Justice Investors LP's reported 270 employees, and received an average PPP loan of $88,564, 98% lower than this company's loan of $4.72M.
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, 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.
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.
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