PPP Loan Data — Solutionz Videoconferencing, Inc, Los Angeles, CA
Solutionz Videoconferencing, Inc is a corporation located at 901 Bringham Ave in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $6,077,100.00 in April, 2020.
$ PPP Loan Information
Solutionz Videoconferencing, Inc received a Paycheck Protection Loan of $6.08M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Solutionz Videoconferencing, Inc's total 2019 payroll expenses were approximately $29.17M in order to qualify for the PPP loan amount received.
Based on their reported 371 jobs retained, this equals an estimated average yearly compensation of $78,626 per employee1.
Business Information - Solutionz Videoconferencing, Inc in Los Angeles, CA
901 Bringham Ave
Los Angeles, CA 90049
Wired Telecommunications Carriers (NAICS code 517311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-33
Industry PPP Comparison Statistics
Nationwide, 1,053 businesses in the "Wired Telecommunications Carriers" industry received a total of $312,345,268.00 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 19 employees, 95% lower than Solutionz Videoconferencing, Inc's reported 371 employees, and received an average PPP loan of $296,624, 95% lower than this company's loan of $6.08M.
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Footnotes & Information
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