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PPP Loan Data — Legal Aid Foundation Of Los Angeles,
Los Angeles, CA
Legal Aid Foundation Of Los Angeles
Entity: Non-profit Organization
Industry: Offices of Lawyers
Location: Los Angeles, CA
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Legal Aid Foundation Of Los Angeles is a non-profit organization located at 1150 W 8th St in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,146,117.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
157Loan Approved:
2020-04-09Lender:
CITY NATIONAL BANKLegal Aid Foundation Of Los Angeles in Los Angeles, CA received a Paycheck Protection Loan of $3.15M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Legal Aid Foundation Of Los Angeles' total 2019 payroll expenses were approximately $15.1M in order to qualify for the PPP loan amount received.
Based on their reported 157 jobs retained, this equals an estimated average yearly compensation of $96,187 per employee1.
Business Information - Legal Aid Foundation Of Los Angeles in Los Angeles, CA
1150 W 8th St
Los Angeles, CA 90017
Business Industry
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-34Similar Companies near Los Angeles
In the Los Angeles area, 195 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 157) and received an average PPP loan of $329,088 (compared to this company's $3.15M).
Similar Nearby Businesses Who Received PPP Funding:
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Seki, Nishimura 6; Watase LLP
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The Law Offices Of Jesse D Marr APC
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Obagi Law Group, PC
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Castellanos & Associates, A Professional Law Corporation
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Lisette Lavergne Law PC
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Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 96% lower than Legal Aid Foundation Of Los Angeles' reported 157 employees, and received an average PPP loan of $94,010, 97% lower than this company's loan of $3.15M.
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.
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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