FederalPay.org
PPP Loan Data — Lodestone Pacific Holding Company, Inc.,
Arcata, CA
Lodestone Pacific Holding Company, Inc.
Entity: Corporation
Industry: Securities Brokerage
Location: Arcata, CA
Tweet This
•
Search All PPP Data
Lodestone Pacific Holding Company, Inc. is a corporation located at 4945 Boyd Road in Arcata, California that received a Coronavirus-related PPP loan from the SBA of $4,644,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 294 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
294Loan Approved:
2020-04-27Lender:
UMPQUA BANKLodestone Pacific Holding Company, Inc. in Arcata, CA received a Paycheck Protection Loan of $4.64M through UMPQUA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lodestone Pacific Holding Company, Inc.'s total 2019 payroll expenses were approximately $22.29M in order to qualify for the PPP loan amount received.
Based on their reported 294 jobs retained, this equals an estimated average yearly compensation of $75,827 per employee1.
Business Information - Lodestone Pacific Holding Company, Inc. in Arcata, CA
4945 Boyd Road
Arcata, CA 95521
Business Industry
Securities Brokerage (NAICS code 523120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-02Industry PPP Comparison Statistics
Nationwide, 3,089 businesses in the "Securities Brokerage" industry received a total of $262,454,625.00 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 5 employees, 98% lower than Lodestone Pacific Holding Company, Inc.'s reported 294 employees, and received an average PPP loan of $84,964, 98% lower than this company's loan of $4.64M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!