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PPP Loan Data — West Coast Redevelopment, Inc., Calabasas, CA

SBA PPP loan data, payroll data, and salaries for West Coast Redevelopment, Inc.
CA

West Coast Redevelopment, Inc.

Entity: Subchapter S Corporation

Industry: New Housing For-Sale Builders

Location: Calabasas, CA

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West Coast Redevelopment, Inc. is a subchapter s corporation located at 23622 Calabasas Rd in Calabasas, California that received a Coronavirus-related PPP loan from the SBA of $5,957,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.96M

Jobs Retained:

356

Loan Approved:

2020-04-05

Lender:

CITY NATIONAL BANK

West Coast Redevelopment, Inc. received a Paycheck Protection Loan of $5.96M through CITY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, West Coast Redevelopment, Inc.'s total 2019 payroll expenses were approximately $28.6M in order to qualify for the PPP loan amount received.

Based on their reported 356 jobs retained, this equals an estimated average yearly compensation of $80,329 per employee1.

Because the loan received by West Coast Redevelopment, Inc. 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 - West Coast Redevelopment, Inc. in Calabasas, CA

West Coast Redevelopment, Inc.
23622 Calabasas Rd
Calabasas, CA 91302

Business Industry

New Housing For-Sale Builders (NAICS code 236117)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-33

Similar Companies near Calabasas

In the Calabasas area, 3 businesses in the "New Housing For-Sale Builders" industry received a PPP loan. These local businesses reported an average of 119 employees (compared to this company's 356) and received an average PPP loan of $1,998,042 (compared to this company's $5.96M).

Industry PPP Comparison Statistics

Nationwide, 7,736 businesses in the "New Housing For-Sale Builders" industry received a total of $770,266,772.00 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 7 employees, 98% lower than West Coast Redevelopment, Inc.'s reported 356 employees, and received an average PPP loan of $99,569, 98% lower than this company's loan of $5.96M.

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.

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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/west-coast-redevelopment-inc-calabasas-ca