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PPP Loan Data — Daviselen Advertising, Inc.,
Los Angeles, CA
Daviselen Advertising, Inc.
Entity: Corporation
Industry: Advertising Agencies
Location: Los Angeles, CA
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Daviselen Advertising, Inc. is a corporation located at 865 S Figueroa St in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $2,464,225.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
256Loan Approved:
2020-04-10Lender:
AMERICAN BUSINESS BANKDaviselen Advertising, Inc. in Los Angeles, CA received a Paycheck Protection Loan of $2.46M through AMERICAN BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Daviselen Advertising, Inc.'s total 2019 payroll expenses were approximately $11.83M in order to qualify for the PPP loan amount received.
Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $46,204 per employee1.
Business Information - Daviselen Advertising, Inc. in Los Angeles, CA
865 S Figueroa St
Los Angeles, CA 90017
Business Industry
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-34Similar Companies near Los Angeles
In the Los Angeles area, 13 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 256) and received an average PPP loan of $393,070 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
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Agenc, Inc.
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The Lee Andrews Group, Inc.
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Saeshe
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Haymaker Industries, LLC
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Another Creative Inc
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Infusion By Castells, LLC
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Industry PPP Comparison Statistics
Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 8 employees, 97% lower than Daviselen Advertising, Inc.'s reported 256 employees, and received an average PPP loan of $126,253, 95% lower than this company's loan of $2.46M.
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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