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PPP Loan Data — Sinai Temple,
Los Angeles, CA
Sinai Temple
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Los Angeles, CA
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Sinai Temple is a non-profit organization located at 10400 Wilshire Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,249,300.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 487 people during the applicable loan loan period.
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PPP Loan Information
Loan #1182267105
Loan Size:
Jobs Retained:
487Loan Approved:
2020-04-10Loan Status:
Ongoing LoanLender:
CRF Small Business Loan Company, LLCSinai Temple in Los Angeles, CA received a Paycheck Protection Loan of $3.25M through CRF Small Business Loan Company, LLC, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Sinai Temple's 2019 payroll expenses are estimated to be at least $15.6M.
Based on their reported 487 jobs retained, this equals an estimated average yearly compensation of $32,026 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sinai Temple reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,249,300
Business Information - Sinai Temple in Los Angeles, CA
10400 Wilshire Blvd
Los Angeles, CA 90024
Business Industry:
Religious Organizations
NAICS code 813110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Los Angeles
In the Los Angeles area, 32 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 487) and received an average PPP loan of $166,136 (compared to this company's $3.25M).
Similar Nearby Businesses Who Received PPP Funding:
The Commons Church Of Los Angeles
Los Angeles, CA
The Image Church
Los Angeles, CA
St Paul The Apostle Church
Los Angeles, CA
Chabad Of Brentwood South
Los Angeles, CA
Chabad Of South Westwood
Los Angeles, CA
Westwood Kehila
Los Angeles, CA
Resurrection Catholic Church
Los Angeles, CA
Westwood Hills Congregational Church
Los Angeles, CA
Westwood Village Synagogue Inc
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 116,924 businesses in the "Religious Organizations" industry received a total of $9.01B 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 13 employees, 97% lower than Sinai Temple's reported 487 employees, and received an average PPP loan of $77,043, 98% lower than this company's loan of $3.25M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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