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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 #3027817103
Loan Size:
Jobs Retained:
498Loan Approved:
2020-04-11Loan Status:
Ongoing LoanLender:
CRF Small Business Loan Company, LLCThe People Concern in Los Angeles, CA received a Paycheck Protection Loan of $5.6M through CRF Small Business Loan Company, LLC, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, The People Concern's 2019 payroll expenses are estimated to be at least $26.88M.
Based on their reported 498 jobs retained, this equals an estimated average yearly compensation of $53,986 per employee1
Reported PPP Proceed Usage:
On the PPP application, The People Concern reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,601,000
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: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as The People Concern.
Flyawayhomes
Other Social Advocacy Organizations
Similar Companies near Los Angeles
In the Los Angeles area, 13 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 498) and received an average PPP loan of $542,940 (compared to this company's $5.6M).
Similar Nearby Businesses Who Received PPP Funding:
New Economics For Women
Los Angeles, CA
Marvin Norwood
Los Angeles, CA
Flyawayhomes
Los Angeles, CA
The Children'S Partnership
Los Angeles, CA
Street Poets Inc
Los Angeles, CA
The Children's Partnership - Owner
Los Angeles, CA
Operation Fyi Inc
Los Angeles, CA
Parent Revolution
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 9,845 businesses in the "Other Social Advocacy Organizations" industry received a total of $1.43B 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 16 employees, 97% lower than The People Concern's reported 498 employees, and received an average PPP loan of $145,329, 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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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