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PPP Loan Data — Pacific Lighthouse Partners, San Francisco, CA

SBA PPP loan data, payroll data, and salaries for Pacific Lighthouse Partners
CA

Pacific Lighthouse Partners

Entity: Corporation

Industry: Offices of Lawyers

Location: San Francisco, CA

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Pacific Lighthouse Partners is a corporation located at 250 King St Unit 436 in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $25,115.00 in May, 2020.

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

$ PPP Loan Information
Loan #6272657405

Loan Size:

$25,115

Jobs Retained:

2

Loan Approved:

2020-05-14

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Pacific Lighthouse Partners in San Francisco, CA received a Paycheck Protection Loan of $25,115 through Bank of America, National Association, which was approved in May, 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 More
Understanding 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 More

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, Pacific Lighthouse Partners' 2019 payroll expenses are estimated to be at least $120,552.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,276 per employee1

Reported PPP Proceed Usage:

On the PPP application, Pacific Lighthouse Partners reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,115

Business Information - Pacific Lighthouse Partners in San Francisco, CA

Pacific Lighthouse Partners
250 King St Unit 436
San Francisco, CA 94107

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Asian

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

San Francisco County, CA — SBA Office 0912 — Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 103 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $100,531 (compared to this company's $25,115).

Industry PPP Comparison Statistics

Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 200% higher than Pacific Lighthouse Partners' reported 2 employees, and received an average PPP loan of $81,518, 225% higher than this company's loan of $25,115.

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.


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Source: www.federalpay.org/paycheck-protection-program/pacific-lighthouse-partners-san-francisco-ca