PPP Loan Data — Los Angeles Ctr Alc/Drug Abuse, Santa Fe Springs, CA
Los Angeles Ctr Alc/Drug Abuse is a corporation located at 12070 Telegraph Rd. Suite #207 in Santa Fe Springs, California that received a Coronavirus-related PPP loan from the SBA of $1,829,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Los Angeles Ctr Alc/Drug Abuse in Santa Fe Springs, CA received a Paycheck Protection Loan of $1.83M through MidFirst Bank, which was approved in April, 2020.
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, Los Angeles Ctr Alc/Drug Abuse's 2019 payroll expenses are estimated to be at least $8.78M.
Based on their reported 264 jobs retained, this equals an estimated average yearly compensation of $33,258 per employee1
Reported PPP Proceed Usage:
On the PPP application, Los Angeles Ctr Alc/Drug Abuse reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,829,200
Business Information - Los Angeles Ctr Alc/Drug Abuse in Santa Fe Springs, CA
12070 Telegraph Rd. Suite #207
Santa Fe Springs, CA 90670
All Other Miscellaneous Schools and Instruction
NAICS code 611699
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Santa Fe Springs
In the Santa Fe Springs area, 3 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 264) and received an average PPP loan of $757,923 (compared to this company's $1.83M).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 28,242 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $1.52B 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 9 employees, 97% lower than Los Angeles Ctr Alc/Drug Abuse's reported 264 employees, and received an average PPP loan of $53,678, 97% lower than this company's loan of $1.83M.
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Footnotes & Information
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