PPP Loan Data — DAC Acquisition Company, LLC, Laurel, MD
DAC Acquisition Company, LLC
Entity: Limited Liability Company (LLC)
Location: Laurel, MDTweet This • Search All PPP Data
DAC Acquisition Company, LLC is a limited liability company (LLC) located at 1330 Mid Atlantic Blvd. in Laurel, Maryland that received a Coronavirus-related PPP loan from the SBA of $9,221,000.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
DAC Acquisition Company, LLC in Laurel, MD received a Paycheck Protection Loan of $9.22M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, DAC Acquisition Company, LLC's total 2019 payroll expenses were approximately $44.26M in order to qualify for the PPP loan amount received.
Based on their reported 489 jobs retained, this equals an estimated average yearly compensation of $90,513 per employee1.
Business Information - DAC Acquisition Company, LLC in Laurel, MD
1330 Mid Atlantic Blvd.
Laurel, MD 20708
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-04
Similar Companies near Laurel
In the Laurel area, 10 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 489) and received an average PPP loan of $1,249,358 (compared to this company's $9.22M).
Similar Nearby Businesses Who Received PPP Funding:
Jack Maloney Inc
Test And Balancing Inc
Sovereign Service LLC
Spring Tyme LLC
JDL HVAC Services
Remedy Plumbing And Drain Clea
ATS Mechanical Services, Inc.
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 98% lower than DAC Acquisition Company, LLC's reported 489 employees, and received an average PPP loan of $154,981, 98% lower than this company's loan of $9.22M.
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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