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PPP Loan Data — The People Concern,
Los Angeles, CA
The People Concern
Entity: Non-profit Organization
Industry: Other Social Advocacy Organizations
Location: Los Angeles, CA
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The People Concern is a non-profit organization located at 2116 Arlington Ave Ste 100 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $5,601,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
498Loan Approved:
2020-04-11Lender:
CRF SMALL BUSINESS LOAN COMPANY, LLCThe People Concern received a Paycheck Protection Loan of $5.6M through CRF SMALL BUSINESS LOAN COMPANY, LLC, which was approved in April, 2020.
Based on standard PPP eligibility rules, The People Concern's total 2019 payroll expenses were approximately $26.88M in order to qualify for the PPP loan amount received.
Based on their reported 498 jobs retained, this equals an estimated average yearly compensation of $53,986 per employee1.
Business Information - The People Concern in Los Angeles, CA
2116 Arlington Ave Ste 100
Los Angeles, CA 90018
Business Industry
Other Social Advocacy Organizations (NAICS code 813319)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-34Similar Companies near Los Angeles
In the Los Angeles area, 6 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 95 employees (compared to this company's 498) and received an average PPP loan of $1,079,180 (compared to this company's $5.6M).
Similar Nearby Businesses Who Received PPP Funding:
The Los Angeles Neighborhood Land Trust
Los Angeles, CA
Flyawayhomes
Los Angeles, CA
Parent Revolution
Los Angeles, CA
The Children's Partnership
Los Angeles, CA
New Economics For Women
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 5,930 businesses in the "Other Social Advocacy Organizations" industry received a total of $1,048,421,927.00 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 17 employees, 97% lower than The People Concern's reported 498 employees, and received an average PPP loan of $176,800, 97% lower than this company's loan of $5.6M.
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.
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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