PPP Loan Data — Stephen_G._Rodriguez, Los Angeles, CA
Stephen_G._Rodriguez is a sole proprietorship located in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $24,931.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BSD Capital, LLC dba Lendistry
Stephen_G._Rodriguez in Los Angeles, CA received a Paycheck Protection Loan of $24,931 through BSD Capital, LLC dba Lendistry, which was approved in June, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Stephen_G._Rodriguez reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,698
- Utilities: $3,116
- Rent: $3,117
Business Information - Stephen_G._Rodriguez in Los Angeles, CA
Los Angeles, CA
* Full address is redacted to protect the privacy of individuals.
NAICS code 922120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 477 businesses in the "Police Protection" industry received a total of $9.83M 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 3 employees, 200% higher than Stephen_G._Rodriguez's reported 1 employees, and received an average PPP loan of $20,610, 17% lower than this company's loan of $24,931.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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