PPP Loan Data — Lechante Pitts, Los Angeles, CA
Entity: Sole Proprietorship
Location: Los Angeles, CATweet This • Search All PPP Data
Lechante Pitts is a sole proprietorship located in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $760.00 in April, 2021.
The company has reported itself as a female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lechante Pitts in Los Angeles, CA received a Paycheck Protection Loan of $760 through Benworth Capital, which was approved in April, 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.
Reported PPP Proceed Usage:
On the PPP application, Lechante Pitts reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $760
Business Information - Lechante Pitts in Los Angeles, CA
Los Angeles, CA
* Full address is redacted to protect the privacy of individuals.
Plastics Materials and Basic Forms and Shapes Merchant Wholesalers
NAICS code 424610
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Lechante Pitts.
New Single-Family Housing Construction (except For-Sale Builders)
Similar Companies near Los Angeles
In the Los Angeles area, 3 businesses in the "Plastics Materials and Basic Forms and Shapes Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 1) and received an average PPP loan of $1,084,713 (compared to this company's $760).
Similar Nearby Businesses Who Received PPP Funding:
Pacific American Fish Co Inc
Angus Campbell Inc
Industry PPP Comparison Statistics
Nationwide, 923 businesses in the "Plastics Materials and Basic Forms and Shapes Merchant Wholesalers" industry received a total of $139.55M 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 13 employees, 1200% higher than Lechante Pitts' reported 1 employees, and received an average PPP loan of $151,196, 19794% higher than this company's loan of $760.
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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