PPP Loan Data — D3 LLC, Melville, NY
D3 LLC is a limited liability company (LLC) located at 75 Marcus Dr in Melville, New York that received a Coronavirus-related PPP loan from the SBA of $2,452,582.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
D3 LLC in Melville, NY received a Paycheck Protection Loan of $2.45M 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
Understanding Payroll Estimates Based On PPP Amount
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, D3 LLC's 2019 payroll expenses are estimated to be at least $11.77M.
Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $75,464 per employee1
Reported PPP Proceed Usage:
On the PPP application, D3 LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,452,582
Business Information - D3 LLC in Melville, NY
75 Marcus Dr
Melville, NY 11747
Other Commercial Equipment Merchant Wholesalers
NAICS code 423440
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Melville
In the Melville area, 3 businesses in the "Other Commercial Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 156) and received an average PPP loan of $829,357 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
In Place Auction LLC
Custom Orthotics LTD
Dix Hills, NY
Industry PPP Comparison Statistics
Nationwide, 3,908 businesses in the "Other Commercial Equipment Merchant Wholesalers" industry received a total of $496.22M 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 11 employees, 93% lower than D3 LLC's reported 156 employees, and received an average PPP loan of $126,976, 95% lower than this company's loan of $2.45M.
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Footnotes & Information
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