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PPP Loan Data — Nonfiction Unlimited Inc,
Santa Monica, CA
Nonfiction Unlimited Inc
Entity: Corporation
Industry: Motion Picture and Video Production
Location: Santa Monica, CA
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Nonfiction Unlimited Inc is a corporation located at 2665 Main St Ste 240 in Santa Monica, California that received a Coronavirus-related PPP loan from the SBA of $224,000.00 in February, 2021.
The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.
$
PPP Loan Information
Loan #9496518408
Loan Size:
Jobs Retained:
6Loan Approved:
2021-02-17Loan Status:
Ongoing LoanLender:
City National BankNonfiction Unlimited Inc in Santa Monica, CA received a Paycheck Protection Loan of $224,000 through City National Bank, which was approved in February, 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.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 6 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 11. 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
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, Nonfiction Unlimited Inc's 2019 payroll expenses are estimated to be at least $1.08M (not accounting for salary amounts > $100k).
Because the 6 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, Nonfiction Unlimited Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $223,998
- Utilities: $1
Business Information - Nonfiction Unlimited Inc in Santa Monica, CA
2665 Main St Ste 240
Santa Monica, CA 90405
Business Industry:
Motion Picture and Video Production
NAICS code 512110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Santa Monica
In the Santa Monica area, 164 businesses in the "Motion Picture and Video Production" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 6) and received an average PPP loan of $135,609 (compared to this company's $224,000).
Similar Nearby Businesses Who Received PPP Funding:
Furlined, LLC
Santa Monica, CA
Amelia Anderson
Santa Monica, CA
Two Fresh Creative Inc
Santa Monica, CA
Gibbons Bros
Santa Monica, CA
The Mazur Kaplan Company LLC
Santa Monica, CA
Ben Marias Motion Pictures
Santa Monica, CA
Patrick Johnson Sr
Santa Monica, CA
Jill Friedman
Santa Monica, CA
Gloria Shen Inc
Santa Monica, CA
Industry PPP Comparison Statistics
Nationwide, 23,805 businesses in the "Motion Picture and Video Production" industry received a total of $1.21B 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 5 employees, 17% lower than Nonfiction Unlimited Inc's reported 6 employees, and received an average PPP loan of $50,783, 77% lower than this company's loan of $224,000.
Nonfiction Unlimited, Inc
Entity: Corporation
Industry: Motion Picture and Video Production
Location: Santa Monica, CA
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Nonfiction Unlimited, Inc is a corporation located at 2665 Main St Suite 240 in Santa Monica, California that received a Coronavirus-related PPP loan from the SBA of $183,619.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least ten people during the applicable loan loan period.
$
PPP Loan Information
Loan #3638587301
Loan Size:
Jobs Retained:
10Loan Approved:
2020-04-29Loan Status:
Ongoing LoanLender:
City National BankNonfiction Unlimited, Inc in Santa Monica, CA received a Paycheck Protection Loan of $183,619 through City National Bank, which was approved in April, 2020.
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.
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, Nonfiction Unlimited, Inc's 2019 payroll expenses are estimated to be at least $881,371.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $88,137 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nonfiction Unlimited, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $146,896
- Utilities: $1,729
- Rent: $23,441
- Health Care: $11,553
Business Information - Nonfiction Unlimited, Inc in Santa Monica, CA
2665 Main St Suite 240
Santa Monica, CA 90405
Business Industry:
Motion Picture and Video Production
NAICS code 512110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Santa Monica
In the Santa Monica area, 164 businesses in the "Motion Picture and Video Production" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 10) and received an average PPP loan of $135,609 (compared to this company's $183,619).
Similar Nearby Businesses Who Received PPP Funding:
Furlined, LLC
Santa Monica, CA
Amelia Anderson
Santa Monica, CA
Two Fresh Creative Inc
Santa Monica, CA
Gibbons Bros
Santa Monica, CA
The Mazur Kaplan Company LLC
Santa Monica, CA
Ben Marias Motion Pictures
Santa Monica, CA
Patrick Johnson Sr
Santa Monica, CA
Jill Friedman
Santa Monica, CA
Gloria Shen Inc
Santa Monica, CA
Industry PPP Comparison Statistics
Nationwide, 23,805 businesses in the "Motion Picture and Video Production" industry received a total of $1.21B 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 5 employees, 50% lower than Nonfiction Unlimited, Inc's reported 10 employees, and received an average PPP loan of $50,783, 72% lower than this company's loan of $183,619.
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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