FederalPay.org
PPP Loan Data — Shen Zhen New World I, LLC,
Los Angeles, CA
Shen Zhen New World I, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Los Angeles, CA
Tweet This
•
Search All PPP Data
Shen Zhen New World I, LLC is a limited liability company (LLC) located at 333 S Figueroa St in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $2,536,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
225Loan Approved:
2020-04-28Lender:
EAST WEST BANKShen Zhen New World I, LLC in Los Angeles, CA received a Paycheck Protection Loan of $2.54M through EAST WEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Shen Zhen New World I, LLC's total 2019 payroll expenses were approximately $12.18M in order to qualify for the PPP loan amount received.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $54,114 per employee1.
Business Information - Shen Zhen New World I, LLC in Los Angeles, CA
333 S Figueroa St
Los Angeles, CA 90071
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-34Similar Companies near Los Angeles
In the Los Angeles area, 6 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 161 employees (compared to this company's 225) and received an average PPP loan of $1,196,420 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
7202 East (Indianapolis) Tanford LLC
Los Angeles, CA
2401 Lamar (Dallas) Esong LLC
Los Angeles, CA
Johnson Hotel Company, Inc.
Los Angeles, CA
9901 La Cienega Los Angeles Esong LLC
Los Angeles, CA
50 Ferncroft (Boston) Esong LLC
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 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 21 employees, 91% lower than Shen Zhen New World I, LLC's reported 225 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.54M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!