PPP Loan Data — Space 2B Films, Pasadena, CA
Space 2B Films is a subchapter s corporation located at 1015 El Molino Ave in Pasadena, California that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:City National Bank
Space 2B Films in Pasadena, CA received a Paycheck Protection Loan of $25,200 through City National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Space 2B Films' 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Space 2B Films reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Space 2B Films in Pasadena, CA
1015 El Molino Ave
Pasadena, CA 91106
Independent Artists, Writers, and Performers
NAICS code 711510
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pasadena
In the Pasadena area, 62 businesses in the "Independent Artists, Writers, and Performers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $12,734 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Prospect Park Books LLC
YIN Medical Services Inc
Latimer Fx Inc
Industry PPP Comparison Statistics
Nationwide, 99,116 businesses in the "Independent Artists, Writers, and Performers" industry received a total of $1.63B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 2 employees, the same amount reported by Space 2B Films and received an average PPP loan of $16,422, 35% lower than this company's loan of $25,200.
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Footnotes & Information
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