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PPP Loan Data — United States Veterans Initiative,
Los Angeles, CA
United States Veterans Initiative
Entity: Non-profit Organization
Industry: All Other Professional, Scientific, and Technical Services
Location: Los Angeles, CA
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United States Veterans Initiative is a non-profit organization located at 800 W 6th St in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,553,176.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
471Loan Approved:
2020-04-12Lender:
BBVA USAUnited States Veterans Initiative in Los Angeles, CA received a Paycheck Protection Loan of $3.55M through BBVA USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, United States Veterans Initiative's total 2019 payroll expenses were approximately $17.06M in order to qualify for the PPP loan amount received.
Based on their reported 471 jobs retained, this equals an estimated average yearly compensation of $36,211 per employee1.
Business Information - United States Veterans Initiative in Los Angeles, CA
800 W 6th St
Los Angeles, CA 90017
Business Industry
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-34Similar Companies near Los Angeles
In the Los Angeles area, 24 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 471) and received an average PPP loan of $390,415 (compared to this company's $3.55M).
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Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than United States Veterans Initiative's reported 471 employees, and received an average PPP loan of $74,488, 98% lower than this company's loan of $3.55M.
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, 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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