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PPP Loan Data — Le Pafe Inc., Montebello, CA

SBA PPP loan data, payroll data, and salaries for Le Pafe Inc.
CA

Le Pafe Inc.

Entity: Corporation

Industry: Commercial Bakeries

Location: Montebello, CA

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Le Pafe Inc. is a corporation located at 7547 Telegraph Rd in Montebello, California that received a Coronavirus-related PPP loan from the SBA of $2,968,700.00 in April, 2020.

The company has reported itself as an Asian female owned business, and employed at least 308 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.97M

Jobs Retained:

308

Loan Approved:

2020-04-16

Lender:

MANUFACTURERS BANK

Le Pafe Inc. in Montebello, CA received a Paycheck Protection Loan of $2.97M through MANUFACTURERS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Le Pafe Inc.'s total 2019 payroll expenses were approximately $14.25M in order to qualify for the PPP loan amount received.

Based on their reported 308 jobs retained, this equals an estimated average yearly compensation of $46,265 per employee1.

Because the loan received by Le Pafe 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 - Le Pafe Inc. in Montebello, CA

Le Pafe Inc.
7547 Telegraph Rd
Montebello, CA 90640

Business Industry

Commercial Bakeries (NAICS code 311812)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-38

Industry PPP Comparison Statistics

Nationwide, 2,425 businesses in the "Commercial Bakeries" industry received a total of $481,514,310.00 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 22 employees, 93% lower than Le Pafe Inc.'s reported 308 employees, and received an average PPP loan of $198,563, 93% lower than this company's loan of $2.97M.

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/le-pafe-inc-montebello-ca