PPP Loan Data — REP Investments Associates LLC, Encino, CA
REP Investments Associates LLC
Location: Encino, CATweet This • Search All PPP Data
REP Investments Associates LLC is a corporation located at 16820 Ventura Blvd in Encino, California that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
REP Investments Associates LLC in Encino, CA received a Paycheck Protection Loan of $46,000 through Bank of America, National Association, which was approved in May, 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, REP Investments Associates LLC's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,543 per employee1
Reported PPP Proceed Usage:
On the PPP application, REP Investments Associates LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - REP Investments Associates LLC in Encino, CA
16820 Ventura Blvd
Encino, CA 91436
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Encino
In the Encino area, 65 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $65,719 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Los Angeles, CA
Dannys Design House Inc
Chimp On A Chain Production LTD
BLI Entertainment, Inc
Richer Design Group Inc
Seen Design Inc
Chapnick, Smukler & Chapnick, Inc
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 29% lower than REP Investments Associates LLC's reported 7 employees, and received an average PPP loan of $57,091, 24% higher than this company's loan of $46,000.
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Footnotes & Information
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