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PPP Loan Data — Macias Gini & Company LLP,
Los Angeles, CA
Macias Gini & Company LLP
Entity: Partnership
Industry: Offices of Certified Public Accountants
Location: Los Angeles, CA
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Macias Gini & Company LLP is a partnership located at 2020 Century Park in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $6,417,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 336 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
336Loan Approved:
2020-04-07Lender:
CITY NATIONAL BANKMacias Gini & Company LLP in Los Angeles, CA received a Paycheck Protection Loan of $6.42M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Macias Gini & Company LLP's total 2019 payroll expenses were approximately $30.8M in order to qualify for the PPP loan amount received.
Based on their reported 336 jobs retained, this equals an estimated average yearly compensation of $91,673 per employee1.
Business Information - Macias Gini & Company LLP in Los Angeles, CA
2020 Century Park
Los Angeles, CA 90067
Business Industry
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: CA-37Similar Companies near Los Angeles
In the Los Angeles area, 31 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 336) and received an average PPP loan of $443,701 (compared to this company's $6.42M).
Similar Nearby Businesses Who Received PPP Funding:
Gerber & Co Inc
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Michael T Psomas CPA PC
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Gursey Schneider LLP
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RTJ CPA
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Arsenault & Arje
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Seltzer Business Management Inc.
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Hacker, Douglas & Company LLP
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Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Macias Gini & Company LLP's reported 336 employees, and received an average PPP loan of $88,968, 99% lower than this company's loan of $6.42M.
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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