PPP Loan Data — Leggett 54 Music Corp, Agoura Hills, CA
Leggett 54 Music Corp is a subchapter s corporation located at 5939 Colodny Dr in Agoura Hills, California that received a Coronavirus-related PPP loan from the SBA of $25,109.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Leggett 54 Music Corp in Agoura Hills, CA received a Paycheck Protection Loan of $25,109 through Cross River Bank, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Leggett 54 Music Corp's 2019 payroll expenses are estimated to be at least $120,523.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,262 per employee1
Reported PPP Proceed Usage:
On the PPP application, Leggett 54 Music Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,109
Business Information - Leggett 54 Music Corp in Agoura Hills, CA
5939 Colodny Dr
Agoura Hills, CA 91301
Independent Artists, Writers, and Performers
NAICS code 711510
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Agoura Hills
In the Agoura Hills area, 139 businesses in the "Independent Artists, Writers, and Performers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $22,004 (compared to this company's $25,109).
Similar Nearby Businesses Who Received PPP Funding:
Ink & Oranges Inc
Agoura Hills, CA
2W Cheese Inc
Industry PPP Comparison Statistics
Nationwide, 99,116 businesses in the "Independent Artists, Writers, and Performers" industry received a total of $1.63B 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 2 employees, the same amount reported by Leggett 54 Music Corp and received an average PPP loan of $16,422, 35% lower than this company's loan of $25,109.
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Footnotes & Information
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