PPP Loan Data — DFM Solutions LLC, Detroit, MI
DFM Solutions LLC is a limited liability company (LLC) located at 777 Woodward Ave in Detroit, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,390,700.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
DFM Solutions LLC received a Paycheck Protection Loan of $3.39M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, DFM Solutions LLC's total 2019 payroll expenses were approximately $16.28M in order to qualify for the PPP loan amount received.
Based on their reported 320 jobs retained, this equals an estimated average yearly compensation of $50,861 per employee1.
Business Information - DFM Solutions LLC in Detroit, MI
777 Woodward Ave
Detroit, MI 48226
Office Administrative Services (NAICS code 561110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-14
Similar Companies near Detroit
In the Detroit area, 9 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 320) and received an average PPP loan of $573,682 (compared to this company's $3.39M).
Similar Nearby Businesses Who Received PPP Funding:
Columbia Road Advisors LLC
Harper Woods, MI
Heritage Management Services, Inc.
Ascent Cloud LLC
The Julian C Madison Building LLC
City Property Management Group
Harper Woods, MI
The Balancing Act LLC
Pierce, Monroe & Associates, LLC
Industry PPP Comparison Statistics
Nationwide, 18,417 businesses in the "Office Administrative Services" industry received a total of $1,762,719,177.00 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 9 employees, 97% lower than DFM Solutions LLC's reported 320 employees, and received an average PPP loan of $95,712, 97% lower than this company's loan of $3.39M.
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.
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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