PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Michael Bove, Santa Monica, CA

SBA PPP loan data, payroll data, and salaries for Michael Bove
CA

Michael Bove

Entity: Sole Proprietorship

Industry: Teleproduction and Other Postproduction Services

Location: Santa Monica, CA

Search All PPP Data

Michael Bove is a sole proprietorship located in Santa Monica, California that received a Coronavirus-related PPP loan from the SBA of $9,497.00 in May, 2021.

$ PPP Loan Information
Loan #2848669003

Loan Size:

$9,497

Jobs Retained:

1

Loan Approved:

2021-05-18

Loan Status:

Ongoing Loan

Lender:

Readycap Lending, LLC

Michael Bove in Santa Monica, CA received a Paycheck Protection Loan of $9,497 through Readycap Lending, LLC, which was approved in May, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Michael Bove reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $9,497

Business Information - Michael Bove in Santa Monica, CA

Michael Bove
Santa Monica, CA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Teleproduction and Other Postproduction Services
NAICS code 512191

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

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-33

Similar Companies near Santa Monica

In the Santa Monica area, 27 businesses in the "Teleproduction and Other Postproduction Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 1) and received an average PPP loan of $296,973 (compared to this company's $9,497).

Industry PPP Comparison Statistics

Nationwide, 2,785 businesses in the "Teleproduction and Other Postproduction Services" industry received a total of $212.7M 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, 500% higher than Michael Bove's reported 1 employees, and received an average PPP loan of $76,373, 704% higher than this company's loan of $9,497.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/michael-bove-santa-monica-ca