PPP Loan Data — Magnolia Educational & Research Foundation, Los Angeles, CA
Magnolia Educational & Research Foundation is a non-profit organization located at 250 E 1st St in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $5,461,600.00 in April, 2020.
$ PPP Loan Information
Magnolia Educational & Research Foundation received a Paycheck Protection Loan of $5.46M through CITIBANK, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, Magnolia Educational & Research Foundation's total 2019 payroll expenses were approximately $26.22M in order to qualify for the PPP loan amount received.
Based on their reported 409 jobs retained, this equals an estimated average yearly compensation of $64,097 per employee1.
Business Information - Magnolia Educational & Research Foundation in Los Angeles, CA
250 E 1st St
Los Angeles, CA 90012
Research and Development in Nanotechnology (NAICS code 541713)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-34
Similar Companies near Los Angeles
In the Los Angeles area, 2 businesses in the "Research and Development in Nanotechnology" industry received a PPP loan. These local businesses reported an average of 215 employees (compared to this company's 409) and received an average PPP loan of $2,739,900 (compared to this company's $5.46M).
Similar Nearby Businesses Who Received PPP Funding:
Advantageous Systems LLC
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 568 businesses in the "Research and Development in Nanotechnology" industry received a total of $121,547,035.00 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 12 employees, 97% lower than Magnolia Educational & Research Foundation's reported 409 employees, and received an average PPP loan of $213,991, 96% lower than this company's loan of $5.46M.
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Footnotes & Information
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