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PPP Loan Data — Lucid Corporate, Inc,
Los Angeles, CA
Lucid Corporate, Inc
Entity: Corporation
Industry: Corporate, Subsidiary, and Regional Managing Offices
Location: Los Angeles, CA
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Lucid Corporate, Inc is a corporation located at 3599 Cahuenga Blvd W in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $34,900.00 in January, 2021.
$
PPP Loan Information
Loan #1002588303
Loan Size:
Jobs Retained:
3Loan Approved:
2021-01-16Loan Status:
Paid in Full or ForgivenLender:
Newtek Small Business Finance, Inc.Lucid Corporate, Inc in Los Angeles, CA received a Paycheck Protection Loan of $34,900 through Newtek Small Business Finance, Inc., which was approved in January, 2021.
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 September, 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, Lucid Corporate, Inc's 2019 payroll expenses are estimated to be at least $167,520.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $55,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lucid Corporate, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,898
- Utilities: $1
Business Information - Lucid Corporate, Inc in Los Angeles, CA
3599 Cahuenga Blvd W
Los Angeles, CA 90068
Business Industry:
Corporate, Subsidiary, and Regional Managing Offices
NAICS code 551114
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
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 Lucid Corporate, Inc.
Noralph, Inc
Gift, Novelty, and Souvenir Stores
Similar Companies near Los Angeles
In the Los Angeles area, 9 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $27,565 (compared to this company's $34,900).
Similar Nearby Businesses Who Received PPP Funding:
Clara And Joseph Corporation
Los Angeles, CA
Errico Wave Productions LLC
Los Angeles, CA
David Defalco
West Hollywood, CA
William J Rouse
West Hollywood, CA
Alexander Oppenheimer
Los Angeles, CA
ADM Group Inc
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 3,200 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $410.25M 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 13 employees, 333% higher than Lucid Corporate, Inc's reported 3 employees, and received an average PPP loan of $128,202, 267% higher than this company's loan of $34,900.
Lucid Corporate, Inc
Entity: Corporation
Industry: Office Administrative Services
Location: Los Angeles, CA
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Search All PPP Data
Lucid Corporate, Inc is a corporation located at 3599 Cahuenga Boulevard West, in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $34,900.00 in June, 2020.
$
PPP Loan Information
Loan #1794667903
Loan Size:
Jobs Retained:
3Loan Approved:
2020-06-10Loan Status:
Paid in Full or ForgivenLender:
Newtek Small Business Finance, Inc.Lucid Corporate, Inc in Los Angeles, CA received a Paycheck Protection Loan of $34,900 through Newtek Small Business Finance, Inc., which was approved in June, 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 March, 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, Lucid Corporate, Inc's 2019 payroll expenses are estimated to be at least $167,520.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $55,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lucid Corporate, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,900
Business Information - Lucid Corporate, Inc in Los Angeles, CA
3599 Cahuenga Boulevard West,
Los Angeles, CA 90068
Business Industry:
Office Administrative Services
NAICS code 561110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Los Angeles
In the Los Angeles area, 47 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 3) and received an average PPP loan of $114,537 (compared to this company's $34,900).
Similar Nearby Businesses Who Received PPP Funding:
Lyons Development
West Hollywood, CA
Belmont Capital, LLC DBA Belmont Capital Group
Los Angeles, CA
Samsa Management
West Hollywood, CA
Icebox Inc
Los Angeles, CA
Alena Von Stroheim
Los Angeles, CA
Team Blackbird, LLC
West Hollywood, CA
Storm Management LLC
Los Angeles, CA
Telegraph Road Management Inc
Los Angeles, CA
PDT Real Estate Development
West Hollywood, CA
Industry PPP Comparison Statistics
Nationwide, 43,695 businesses in the "Office Administrative Services" industry received a total of $2.34B 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 6 employees, 100% higher than Lucid Corporate, Inc's reported 3 employees, and received an average PPP loan of $53,548, 53% higher than this company's loan of $34,900.
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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