PPP Loan Data — Los Angeles Conservation Corps, Inc., Los Angeles, CA
Los Angeles Conservation Corps, Inc.
Entity: Non-profit Organization
Location: Los Angeles, CATweet This • Search All PPP Data
Los Angeles Conservation Corps, Inc. is a non-profit organization located at 1400 N. Spring Street in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $2,542,598.00 in April, 2020.
$ PPP Loan Information
Lender:BENEFICIAL STATE BANK
Los Angeles Conservation Corps, Inc. in Los Angeles, CA received a Paycheck Protection Loan of $2.54M through BENEFICIAL STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Los Angeles Conservation Corps, Inc.'s total 2019 payroll expenses were approximately $12.2M in order to qualify for the PPP loan amount received.
Based on their reported 449 jobs retained, this equals an estimated average yearly compensation of $27,181 per employee1.
Business Information - Los Angeles Conservation Corps, Inc. in Los Angeles, CA
1400 N. Spring Street
Los Angeles, CA 90012
Environment, Conservation and Wildlife Organizations (NAICS code 813312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-34
Industry PPP Comparison Statistics
Nationwide, 2,247 businesses in the "Environment, Conservation and Wildlife Organizations" industry received a total of $316,738,987.00 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 13 employees, 97% lower than Los Angeles Conservation Corps, Inc.'s reported 449 employees, and received an average PPP loan of $140,961, 94% lower than this company's loan of $2.54M.
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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