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PPP Loan Data — Media Res Studio LLC,
Los Angeles, CA
Media Res Studio LLC
Entity: Limited Liability Company (LLC)
Industry: Motion Picture and Video Production
Location: Los Angeles, CA
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Media Res Studio LLC is a limited liability company (LLC) located at 6255 W Sunset Blvd Ste 680 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a White owned business, and employed at least 221 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7965878405
Loan Size:
Jobs Retained:
221Loan Approved:
2021-02-12Loan Status:
Paid in Full or ForgivenLender:
City National BankMedia Res Studio LLC in Los Angeles, CA received a Paycheck Protection Loan of $2M through City National Bank, which was approved in February, 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 January, 2023.
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, Media Res Studio LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $43,439 per employee1
Reported PPP Proceed Usage:
On the PPP application, Media Res Studio LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Media Res Studio LLC in Los Angeles, CA
6255 W Sunset Blvd Ste 680
Los Angeles, CA 90028
Business Industry:
Motion Picture and Video Production
NAICS code 512110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Los Angeles
In the Los Angeles area, 304 businesses in the "Motion Picture and Video Production" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 221) and received an average PPP loan of $102,852 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Upright Citizens Brigade Training Center La LLC
Los Angeles, CA
Cutie Force
Los Angeles, CA
Madison Mckamey
Los Angeles, CA
Carbon Copy Pictures
Los Angeles, CA
New Address Studio Inc
Los Angeles, CA
Bluff City Productions, Inc
Los Angeles, CA
Angela Pedraza
Los Angeles, CA
Muse Vfx LLC
Los Angeles, CA
Ocho Films Inc
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 29,627 businesses in the "Motion Picture and Video Production" industry received a total of $1.3B 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 4 employees, 98% lower than Media Res Studio LLC's reported 221 employees, and received an average PPP loan of $43,736, 98% lower than this company's loan of $2M.
Media Res Studio, LLC
Entity: Limited Liability Company (LLC)
Industry: Motion Picture and Video Production
Location: Los Angeles, CA
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Media Res Studio, LLC is a limited liability company (LLC) located at 6255 W Sunset Blvd Ste 680 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $5,151,012.00 in April, 2020.
$
PPP Loan Information
Loan #6632807102
Loan Size:
Jobs Retained:
345Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
City National BankMedia Res Studio, LLC in Los Angeles, CA received a Paycheck Protection Loan of $5.15M through City National Bank, which was approved in April, 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 November, 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, Media Res Studio, LLC's 2019 payroll expenses are estimated to be at least $24.72M.
Based on their reported 345 jobs retained, this equals an estimated average yearly compensation of $71,666 per employee1
Reported PPP Proceed Usage:
On the PPP application, Media Res Studio, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,378,360
- Utilities: $10,302
- Rent: $154,530
- Health Care: $607,819
Business Information - Media Res Studio, LLC in Los Angeles, CA
6255 W Sunset Blvd Ste 680
Los Angeles, CA 90028
Business Industry:
Motion Picture and Video Production
NAICS code 512110
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: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Los Angeles
In the Los Angeles area, 304 businesses in the "Motion Picture and Video Production" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 345) and received an average PPP loan of $102,852 (compared to this company's $5.15M).
Similar Nearby Businesses Who Received PPP Funding:
Upright Citizens Brigade Training Center La LLC
Los Angeles, CA
Cutie Force
Los Angeles, CA
Madison Mckamey
Los Angeles, CA
Carbon Copy Pictures
Los Angeles, CA
New Address Studio Inc
Los Angeles, CA
Bluff City Productions, Inc
Los Angeles, CA
Angela Pedraza
Los Angeles, CA
Muse Vfx LLC
Los Angeles, CA
Ocho Films Inc
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 29,627 businesses in the "Motion Picture and Video Production" industry received a total of $1.3B 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 4 employees, 99% lower than Media Res Studio, LLC's reported 345 employees, and received an average PPP loan of $43,736, 99% lower than this company's loan of $5.15M.
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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