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PPP Loan Data — Little Tikes Company Inc, The,
Van Nuys, CA
Little Tikes Company Inc, The
Entity: Corporation
Industry: Child Day Care Services
Location: Van Nuys, CA
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Little Tikes Company Inc, The is a corporation located at 16380 Roscoe Blvd Ste 110 in Van Nuys, California that received a Coronavirus-related PPP loan from the SBA of $4,621,855.00 in May, 2020.
$
PPP Loan Information
Loan #7111487700
Loan Size:
Jobs Retained:
409Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationLittle Tikes Company Inc, The in Van Nuys, CA received a Paycheck Protection Loan of $4.62M 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 July, 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 MoreUnderstanding 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 MoreBased 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, Little Tikes Company Inc, The's 2019 payroll expenses are estimated to be at least $22.18M.
Based on their reported 409 jobs retained, this equals an estimated average yearly compensation of $54,242 per employee1
Reported PPP Proceed Usage:
On the PPP application, Little Tikes Company Inc, The reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,621,855
Business Information - Little Tikes Company Inc, The in Van Nuys, CA
16380 Roscoe Blvd Ste 110
Van Nuys, CA 91406
Business Industry:
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Little Tikes Company Inc, The.
MGA Entertainment Inc
Toy and Hobby Goods and Supplies Merchant Wholesalers
Similar Companies near Van Nuys
In the Van Nuys area, 46 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 409) and received an average PPP loan of $151,900 (compared to this company's $4.62M).
Similar Nearby Businesses Who Received PPP Funding:
Espinoza Family Childcare
Van Nuys, CA
Little Learners LLC
Lake Balboa, CA
Jerry Barajas
Van Nuys, CA
Center For Healthy Living, Inc
Van Nuys, CA
Smile Learning Academy
Van Nuys, CA
Little Learners Calabasas Klubhouse Inc
Lake Balboa, CA
Jayakody Family Day Dare
Van Nuys, CA
Anna Baghramyan
Van Nuys, CA
Kaptryan Family Child Care
Van Nuys, CA
Industry PPP Comparison Statistics
Nationwide, 128,936 businesses in the "Child Day Care Services" industry received a total of $5.47B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 98% lower than Little Tikes Company Inc, The's reported 409 employees, and received an average PPP loan of $42,425, 99% lower than this company's loan of $4.62M.
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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