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PPP Loan Data — Secret Charm LLC,
Los Angeles, CA
Secret Charm LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Miscellaneous Textile Product Mills
Location: Los Angeles, CA
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Secret Charm LLC is a limited liability company (LLC) located at 1433 Walnut St in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,383,392.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 200 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
200Loan Approved:
2020-04-14Lender:
ONEWEST BANK, A DIVISION OFSecret Charm LLC in Los Angeles, CA received a Paycheck Protection Loan of $3.38M through ONEWEST BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Secret Charm LLC's total 2019 payroll expenses were approximately $16.24M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $81,201 per employee1.
Business Information - Secret Charm LLC in Los Angeles, CA
1433 Walnut St
Los Angeles, CA 90011
Business Industry
All Other Miscellaneous Textile Product Mills (NAICS code 314999)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-40Similar Companies near Los Angeles
In the Los Angeles area, 2 businesses in the "All Other Miscellaneous Textile Product Mills" industry received a PPP loan. These local businesses reported an average of 106 employees (compared to this company's 200) and received an average PPP loan of $1,727,233 (compared to this company's $3.38M).
Similar Nearby Businesses Who Received PPP Funding:
J & J Cutting & Marking Inc
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 1,679 businesses in the "All Other Miscellaneous Textile Product Mills" industry received a total of $266,289,361.00 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 14 employees, 93% lower than Secret Charm LLC's reported 200 employees, and received an average PPP loan of $158,600, 95% lower than this company's loan of $3.38M.
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, and is published unmodified, as provided by the SBA.
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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