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PPP Loan Data — The Los Angeles Free Clinic, Los Angeles, CA

SBA PPP loan data, payroll data, and salaries for The Los Angeles Free Clinic
CA Nonprofit Organization

The Los Angeles Free Clinic

Entity: Non-profit Organization

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Los Angeles, CA

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The Los Angeles Free Clinic is a non-profit organization located at 8405 Beverly Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,201,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.2M

Jobs Retained:

210

Loan Approved:

2020-04-06

Lender:

CITY NATIONAL BANK

The Los Angeles Free Clinic received a Paycheck Protection Loan of $3.2M through CITY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Los Angeles Free Clinic's total 2019 payroll expenses were approximately $15.37M in order to qualify for the PPP loan amount received.

Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $73,173 per employee1.

Because the loan received by The Los Angeles Free Clinic 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 - The Los Angeles Free Clinic in Los Angeles, CA

The Los Angeles Free Clinic
8405 Beverly Blvd
Los Angeles, CA 90048

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-33

Similar Companies near Los Angeles

In the Los Angeles area, 252 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 210) and received an average PPP loan of $70,537 (compared to this company's $3.2M).

Industry PPP Comparison Statistics

Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 95% lower than The Los Angeles Free Clinic's reported 210 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.2M.

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.

Search FederalPay's Full PPP Loan Database

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/the-los-angeles-free-clinic-los-angeles-ca