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PPP Loan Data — Star Sports Theatre Arts And Recreation Inc., Culver City, CA

SBA PPP loan data, payroll data, and salaries for Star Sports Theatre Arts And Recreation Inc.
CA

Star Sports Theatre Arts And Recreation Inc.

Entity: Corporation

Industry: Child and Youth Services

Location: Culver City, CA

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Star Sports Theatre Arts And Recreation Inc. is a corporation located at 10101 Jefferson Blvd in Culver City, California that received a Coronavirus-related PPP loan from the SBA of $4,136,125.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.14M

Jobs Retained:

500

Loan Approved:

2020-04-27

Lender:

HARVEST SMALL BUSINESS FINANCE, LLC

Star Sports Theatre Arts And Recreation Inc. received a Paycheck Protection Loan of $4.14M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in April, 2020.

Based on standard PPP eligibility rules, Star Sports Theatre Arts And Recreation Inc.'s total 2019 payroll expenses were approximately $19.85M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $39,707 per employee1.

Because the loan received by Star Sports Theatre Arts And Recreation Inc. 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 - Star Sports Theatre Arts And Recreation Inc. in Culver City, CA

Star Sports Theatre Arts And Recreation Inc.
10101 Jefferson Blvd
Culver City, CA 90232

Business Industry

Child and Youth Services (NAICS code 624110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-37

Industry PPP Comparison Statistics

Nationwide, 6,712 businesses in the "Child and Youth Services" industry received a total of $1,286,022,505.00 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 24 employees, 95% lower than Star Sports Theatre Arts And Recreation Inc.'s reported 500 employees, and received an average PPP loan of $191,600, 95% lower than this company's loan of $4.14M.

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.

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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/star-sports-theatre-arts-and-recreation-inc-culver-city-ca