PPP Loan Data — Design Communications, LTD, Avon, MA
Design Communications, LTD is a subchapter s corporation located at 85 Bodwell St in Avon, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $5,101,980.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 315 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MIDDLESEX SAVINGS BANK
Design Communications, LTD in Avon, MA received a Paycheck Protection Loan of $5.1M through MIDDLESEX SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Design Communications, LTD's total 2019 payroll expenses were approximately $24.49M in order to qualify for the PPP loan amount received.
Based on their reported 315 jobs retained, this equals an estimated average yearly compensation of $77,744 per employee1.
Business Information - Design Communications, LTD in Avon, MA
85 Bodwell St
Avon, MA 02322
Sign Manufacturing (NAICS code 339950)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MA-08
Industry PPP Comparison Statistics
Nationwide, 5,450 businesses in the "Sign Manufacturing" industry received a total of $643,191,913.00 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 10 employees, 97% lower than Design Communications, LTD's reported 315 employees, and received an average PPP loan of $118,017, 98% lower than this company's loan of $5.1M.
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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