PPP Loan Data — DG Trc Management Company LLC, West Orange, NJ
DG Trc Management Company LLC
Entity: Limited Liability Company (LLC)
Location: West Orange, NJTweet This • Search All PPP Data
DG Trc Management Company LLC is a limited liability company (LLC) located at 347 Mount Pleasant Ave in West Orange, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,862,302.00 in August, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
DG Trc Management Company LLC in West Orange, NJ received a Paycheck Protection Loan of $2.86M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in August, 2020.
Based on standard PPP eligibility rules, DG Trc Management Company LLC's total 2019 payroll expenses were approximately $13.74M in order to qualify for the PPP loan amount received.
Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $54,091 per employee1.
Business Information - DG Trc Management Company LLC in West Orange, NJ
347 Mount Pleasant Ave
West Orange, NJ 07052
Corporate, Subsidiary, and Regional Managing Offices (NAICS code 551114)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-11
Industry PPP Comparison Statistics
Nationwide, 1,588 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $300,626,226.00 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 17 employees, 93% lower than DG Trc Management Company LLC's reported 254 employees, and received an average PPP loan of $189,311, 93% lower than this company's loan of $2.86M.
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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