PPP Loan Data — Moose Toys LLC, El Segundo, CA
Moose Toys LLC is a limited liability company (LLC) located at 737 Campus Square West in El Segundo, California that received a Coronavirus-related PPP loan from the SBA of $1,742,407.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 63 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:HSBC Bank USA, National Association
Moose Toys LLC in El Segundo, CA received a Paycheck Protection Loan of $1.74M through HSBC Bank USA, National Association, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 84. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Moose Toys LLC's 2019 payroll expenses are estimated to be at least $8.36M (not accounting for salary amounts > $100k).
Because the 63 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Moose Toys LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,742,407
Business Information - Moose Toys LLC in El Segundo, CA
737 Campus Square West
El Segundo, CA 90245
Doll, Toy, and Game Manufacturing
NAICS code 339930
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near El Segundo
In the El Segundo area, 2 businesses in the "Doll, Toy, and Game Manufacturing" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 63) and received an average PPP loan of $970,306 (compared to this company's $1.74M).
Similar Nearby Businesses Who Received PPP Funding:
Fun-Gi Games LLC
El Segundo, CA
Industry PPP Comparison Statistics
Nationwide, 911 businesses in the "Doll, Toy, and Game Manufacturing" industry received a total of $89.25M 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 10 employees, 84% lower than Moose Toys LLC's reported 63 employees, and received an average PPP loan of $97,972, 94% lower than this company's loan of $1.74M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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