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PPP Loan Data — Los Angeles Conservation Corps, Inc.,
Los Angeles, CA
Los Angeles Conservation Corps, Inc.
Entity: Non-profit Organization
Industry: Environment, Conservation and Wildlife Organizations
Location: Los Angeles, CA
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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
Loan Size:
Jobs Retained:
449Loan Approved:
2020-04-27Lender:
BENEFICIAL STATE BANKLos 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
Business Industry
Environment, Conservation and Wildlife Organizations (NAICS code 813312)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-34Industry 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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