PPP Loan Data — Total Professional Network, Inc., Los Angeles, CA
Total Professional Network, Inc. is a subchapter s corporation located at 3946 Wilshire Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,250,000.00 in April, 2020.
$ PPP Loan Information
Lender:NEWTEK SMALL BUSINESS FINANCE, INC.
Total Professional Network, Inc. in Los Angeles, CA received a Paycheck Protection Loan of $3.25M through NEWTEK SMALL BUSINESS FINANCE, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Total Professional Network, Inc.'s total 2019 payroll expenses were approximately $15.6M in order to qualify for the PPP loan amount received.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $65,000 per employee1.
Business Information - Total Professional Network, Inc. in Los Angeles, CA
3946 Wilshire Blvd
Los Angeles, CA 90010
Professional Employer Organizations (NAICS code 561330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-34
Industry PPP Comparison Statistics
Nationwide, 1,298 businesses in the "Professional Employer Organizations" industry received a total of $544,321,819.00 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 38 employees, 84% lower than Total Professional Network, Inc.'s reported 240 employees, and received an average PPP loan of $419,354, 87% lower than this company's loan of $3.25M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!