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PPP Loan Data — Pacific Cash Network LLC, W Hollywood, CA

SBA PPP loan data, payroll data, and salaries for Pacific Cash Network LLC
CA

Pacific Cash Network LLC

Entity: Limited Liability Company (LLC)

Industry: Financial Transactions Processing, Reserve, and Clearinghouse Activities

Location: W Hollywood, CA

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Pacific Cash Network LLC is a limited liability company (LLC) located in W Hollywood, California that received a Coronavirus-related PPP loan from the SBA of $16,232.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$16,232

Jobs Retained:

1

Loan Approved:

2020-05-01

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Pacific Cash Network LLC received a Paycheck Protection Loan of $16,232 through U.S. BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Pacific Cash Network LLC's total 2019 payroll expenses were approximately $77,914 in order to qualify for the PPP loan amount received.

Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $77,914 per employee1.

Business Information - Pacific Cash Network LLC in W Hollywood, CA

Pacific Cash Network LLC
[FULL ADDRESS REDACTED]
W Hollywood, CA

Business Industry

Financial Transactions Processing, Reserve, and Clearinghouse Activities (NAICS code 522320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-28

Similar Companies near W Hollywood

In the W Hollywood area, 6 businesses in the "Financial Transactions Processing, Reserve, and Clearinghouse Activities" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 1) and received an average PPP loan of $657,724 (compared to this company's $16,232).

Industry PPP Comparison Statistics

Nationwide, 2,295 businesses in the "Financial Transactions Processing, Reserve, and Clearinghouse Activities" industry received a total of $244,861,474.00 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 8 employees, 700% higher than Pacific Cash Network LLC's reported 1 employees, and received an average PPP loan of $106,693, 557% higher than this company's loan of $16,232.

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/pacific-cash-network-llc-w-hollywood-ca