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PPP Loan Data — One More Pass, Santa Monica, CA

SBA PPP loan data, payroll data, and salaries for One More Pass
CA

One More Pass

Entity: Corporation

Industry: Motion Picture and Video Production

Location: Santa Monica, CA

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One More Pass is a corporation located at 1046 26th Street in Santa Monica, California that received a Coronavirus-related PPP loan from the SBA of $29,300.00 in April, 2020.

The company has reported itself as a White owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$29,300

Jobs Retained:

2

Loan Approved:

2020-04-29

Lender:

MORTGAGE CAPITAL DEVELOPMENT CORPORATION

One More Pass received a Paycheck Protection Loan of $29,300 through MORTGAGE CAPITAL DEVELOPMENT CORPORATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, One More Pass' total 2019 payroll expenses were approximately $140,640 in order to qualify for the PPP loan amount received.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $70,320 per employee1.

Business Information - One More Pass in Santa Monica, CA

One More Pass
1046 26th Street
Santa Monica, CA 90403

Business Industry

Motion Picture and Video Production (NAICS code 512110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-33

Similar Companies near Santa Monica

In the Santa Monica area, 111 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 2) and received an average PPP loan of $126,173 (compared to this company's $29,300).

Industry PPP Comparison Statistics

Nationwide, 12,751 businesses in the "Motion Picture and Video Production" industry received a total of $753,529,815.00 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 5 employees, 150% higher than One More Pass' reported 2 employees, and received an average PPP loan of $59,096, 102% higher than this company's loan of $29,300.

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.

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Footnotes & Information

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