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PPP Loan Data — Secret Charm LLC, Los Angeles, CA

SBA PPP loan data, payroll data, and salaries for Secret Charm LLC
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:

$3.38M

Jobs Retained:

200

Loan Approved:

2020-04-14

Lender:

ONEWEST BANK, A DIVISION OF

Secret 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.

Because the loan received by Secret Charm LLC 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 - Secret Charm LLC in Los Angeles, CA

Secret Charm LLC
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-40

Similar 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

$71,073 PPP Loan

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.

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/secret-charm-llc-los-angeles-ca