PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — D & D Gear Incorporated, Anaheim, CA

ALERT: There are 2 PPP loans for a total of $6.23M in our database for businesses with the name "D & D Gear Incorporated" in Anaheim, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for D & D Gear Incorporated
CA

D & D Gear Incorporated

Entity: Corporation

Industry: Aircraft Engine and Engine Parts Manufacturing

Location: Anaheim, CA

Search All PPP Data

D & D Gear Incorporated is a corporation located at 4890 E La Palma Ave in Anaheim, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #2773378509

Loan Size:

$2M

Jobs Retained:

235

Loan Approved:

2021-02-22

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

D & D Gear Incorporated in Anaheim, CA received a Paycheck Protection Loan of $2M through Bank of America, National Association, which was approved in February, 2021.

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 More
Understanding 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 More

Based 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, D & D Gear Incorporated's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $40,851 per employee1

Reported PPP Proceed Usage:

On the PPP application, D & D Gear Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by D & D Gear Incorporated 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 - D & D Gear Incorporated in Anaheim, CA

D & D Gear Incorporated
4890 E La Palma Ave
Anaheim, CA 92807

Business Industry:
Aircraft Engine and Engine Parts Manufacturing
NAICS code 336412

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

Orange County, CA — SBA Office 0920 — Congressional District: CA-45

Similar Companies near Anaheim

In the Anaheim area, 3 businesses in the "Aircraft Engine and Engine Parts Manufacturing" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 235) and received an average PPP loan of $767,849 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 729 businesses in the "Aircraft Engine and Engine Parts Manufacturing" industry received a total of $318.92M 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 33 employees, 86% lower than D & D Gear Incorporated's reported 235 employees, and received an average PPP loan of $437,482, 78% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for D & D Gear Incorporated
CA

D & D Gear Incorporated

Entity: Corporation

Industry: Spring Manufacturing

Location: Anaheim, CA

Search All PPP Data

D & D Gear Incorporated is a corporation located at 4890 E La Palma Ave in Anaheim, California that received a Coronavirus-related PPP loan from the SBA of $4,228,762.00 in April, 2020.

$ PPP Loan Information
Loan #9208177108

Loan Size:

$4.23M

Jobs Retained:

262

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

D & D Gear Incorporated in Anaheim, CA received a Paycheck Protection Loan of $4.23M through Bank of America, National Association, 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 More
Understanding 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 More

Based 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, D & D Gear Incorporated's 2019 payroll expenses are estimated to be at least $20.3M.

Based on their reported 262 jobs retained, this equals an estimated average yearly compensation of $77,474 per employee1

Reported PPP Proceed Usage:

On the PPP application, D & D Gear Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,228,762
Because the loan received by D & D Gear Incorporated 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 - D & D Gear Incorporated in Anaheim, CA

D & D Gear Incorporated
4890 E La Palma Ave
Anaheim, CA 92807

Business Industry:
Spring Manufacturing
NAICS code 332613

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Orange County, CA — SBA Office 0920 — Congressional District: CA-45

Similar Companies near Anaheim

In the Anaheim area, 3 businesses in the "Spring Manufacturing" industry received a PPP loan. These local businesses reported an average of 106 employees (compared to this company's 262) and received an average PPP loan of $1,646,568 (compared to this company's $4.23M).

Similar Nearby Businesses Who Received PPP Funding:

Superior Spring Co
Anaheim, CA

$353,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 319 businesses in the "Spring Manufacturing" industry received a total of $137.42M 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 37 employees, 86% lower than D & D Gear Incorporated's reported 262 employees, and received an average PPP loan of $430,774, 90% lower than this company's loan of $4.23M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/d-d-gear-incorporated-anaheim-ca