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PPP Loan Data — Samy's Camera Inc, Los Angeles, CA

SBA PPP loan data, payroll data, and salaries for Samy's Camera Inc
CA

Samy's Camera Inc

Entity: Subchapter S Corporation

Industry: Electronics Stores

Location: Los Angeles, CA

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Samy's Camera Inc is a subchapter s corporation located at 12636 Beatrice St in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,287,000.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 248 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.29M

Jobs Retained:

248

Loan Approved:

2020-04-06

Lender:

CITY NATIONAL BANK

Samy's Camera Inc received a Paycheck Protection Loan of $3.29M through CITY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Samy's Camera Inc's total 2019 payroll expenses were approximately $15.78M in order to qualify for the PPP loan amount received.

Based on their reported 248 jobs retained, this equals an estimated average yearly compensation of $63,619 per employee1.

Because the loan received by Samy's Camera Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Samy's Camera Inc in Los Angeles, CA

Samy's Camera Inc
12636 Beatrice St
Los Angeles, CA 90066

Business Industry

Electronics Stores (NAICS code 443142)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-43

Similar Companies near Los Angeles

In the Los Angeles area, 5 businesses in the "Electronics Stores" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 248) and received an average PPP loan of $689,001 (compared to this company's $3.29M).

Industry PPP Comparison Statistics

Nationwide, 7,570 businesses in the "Electronics Stores" industry received a total of $593,424,720.00 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, 97% lower than Samy's Camera Inc's reported 248 employees, and received an average PPP loan of $78,392, 98% lower than this company's loan of $3.29M.

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.

Search FederalPay's Full PPP Loan Database

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/samys-camera-inc-los-angeles-ca