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

PPP Loan Data — La Business Consulting Inc, Los Angeles, CA

ALERT: There are 2 PPP loans for a total of $66,030 in our database for businesses with the name "La Business Consulting 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 La Business Consulting Inc
CA

La Business Consulting Inc

Entity: Corporation

Industry: Tax Preparation Services

Location: Los Angeles, CA

Search All PPP Data

La Business Consulting Inc is a corporation located at 971 N La Cienega Blvd Ste 202 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $33,830.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.

$ PPP Loan Information
Loan #1856888510

Loan Size:

$33,830

Jobs Retained:

5

Loan Approved:

2021-02-19

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

La Business Consulting Inc in Los Angeles, CA received a Paycheck Protection Loan of $33,830 through Bank of America, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, La Business Consulting Inc's 2019 payroll expenses are estimated to be at least $162,384.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $32,477 per employee1

Reported PPP Proceed Usage:

On the PPP application, La Business Consulting Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $33,828
  • Utilities: $1

Business Information - La Business Consulting Inc in Los Angeles, CA

La Business Consulting Inc
971 N La Cienega Blvd Ste 202
Los Angeles, CA 90069

Business Industry:
Tax Preparation Services
NAICS code 541213

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

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-28

Businesses Using Same Address:

There are 3 other businesses that received a PPP loan registered to the same address as La Business Consulting Inc.

Cobbolo Limited
Unclassified Establishments

$12,500 PPP Loan

Escape Key Entertainment
Golf Courses and Country Clubs

$43,137 PPP Loan

60 Out Marina
All Other Amusement and Recreation Industries

$52,110 PPP Loan

Similar Companies near Los Angeles

In the Los Angeles area, 6 businesses in the "Tax Preparation Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $27,498 (compared to this company's $33,830).

Industry PPP Comparison Statistics

Nationwide, 49,801 businesses in the "Tax Preparation Services" industry received a total of $1.08B 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 3 employees, 40% lower than La Business Consulting Inc's reported 5 employees, and received an average PPP loan of $21,741, 36% lower than this company's loan of $33,830.

SBA PPP loan data, payroll data, and salaries for La Business Consulting, Inc
CA

La Business Consulting, Inc

Entity: Corporation

Industry: Office Administrative Services

Location: Los Angeles, CA

Search All PPP Data

La Business Consulting, Inc is a corporation located at 971 N La Cienega Blvd Ste 202 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $32,200.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #6470597706

Loan Size:

$32,200

Jobs Retained:

4

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

La Business Consulting, Inc in Los Angeles, CA received a Paycheck Protection Loan of $32,200 through Bank of America, National Association, which was approved in May, 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 March, 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, La Business Consulting, Inc's 2019 payroll expenses are estimated to be at least $154,560.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $38,640 per employee1

Reported PPP Proceed Usage:

On the PPP application, La Business Consulting, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $32,200

Business Information - La Business Consulting, Inc in Los Angeles, CA

La Business Consulting, Inc
971 N La Cienega Blvd Ste 202
Los Angeles, CA 90069

Business Industry:
Office Administrative Services
NAICS code 561110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-28

Businesses Using Same Address:

There are 3 other businesses that received a PPP loan registered to the same address as La Business Consulting, Inc.

Cobbolo Limited
Unclassified Establishments

$12,500 PPP Loan

Escape Key Entertainment
Golf Courses and Country Clubs

$43,137 PPP Loan

60 Out Marina
All Other Amusement and Recreation Industries

$52,110 PPP Loan

Similar Companies near Los Angeles

In the Los Angeles area, 38 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 4) and received an average PPP loan of $121,779 (compared to this company's $32,200).

Industry PPP Comparison Statistics

Nationwide, 43,695 businesses in the "Office Administrative Services" industry received a total of $2.34B 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 6 employees, 50% higher than La Business Consulting, Inc's reported 4 employees, and received an average PPP loan of $53,548, 66% higher than this company's loan of $32,200.

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.


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