PPP Loan Data — Premier Office Centers LLC, Irvine, CA
Premier Office Centers LLC
Entity: Limited Liability Company (LLC)
Location: Irvine, CATweet This • Search All PPP Data
Premier Office Centers LLC is a limited liability company (LLC) located at 2102 Business Center Dr in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $2,665,775.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 249 people during the applicable loan loan period.
$ PPP Loan Information Loan #2335137108
Loan Status:Ongoing Loan
Lender:City National Bank
Premier Office Centers LLC in Irvine, CA received a Paycheck Protection Loan of $2.67M through City National Bank, which was approved in April, 2020.
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, Premier Office Centers LLC's 2019 payroll expenses are estimated to be at least $12.8M.
Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $51,388 per employee1
Reported PPP Proceed Usage:
On the PPP application, Premier Office Centers LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,665,775
Business Information - Premier Office Centers LLC in Irvine, CA
2102 Business Center Dr
Irvine, CA 92612
Lessors of Nonresidential Buildings (except Miniwarehouses)
NAICS code 531120
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irvine
In the Irvine area, 7 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 249) and received an average PPP loan of $567,160 (compared to this company's $2.67M).
Similar Nearby Businesses Who Received PPP Funding:
Emmes Master Services LLC
Wind Water Inc
A-Won Properties LLC
420 Real Properties
Dolphin Partners Inc
Wind Water Inc
Industry PPP Comparison Statistics
Nationwide, 19,028 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1,705,130,517.00 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 10 employees, 96% lower than Premier Office Centers LLC's reported 249 employees, and received an average PPP loan of $89,612, 97% lower than this company's loan of $2.67M.
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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