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PPP Loan Data — DG3 North America Inc,
Jersey City, NJ
DG3 North America Inc
Entity: Corporation
Industry: Marketing Consulting Services
Location: Jersey City, NJ
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DG3 North America Inc is a corporation located at 100 Burma Rd in Jersey City, New Jersey that received a Coronavirus-related PPP loan from the SBA of $5,402,700.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 319 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
319Loan Approved:
2020-04-27Lender:
PEAPACK-GLADSTONE BANKDG3 North America Inc received a Paycheck Protection Loan of $5.4M through PEAPACK-GLADSTONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, DG3 North America Inc's total 2019 payroll expenses were approximately $25.93M in order to qualify for the PPP loan amount received.
Based on their reported 319 jobs retained, this equals an estimated average yearly compensation of $81,295 per employee1.
Business Information - DG3 North America Inc in Jersey City, NJ
100 Burma Rd
Jersey City, NJ 7305
Business Industry
Marketing Consulting Services (NAICS code 541613)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: Unreported
Veteran Status: NON-VETERAN
Congressional District: NJ-08Similar Companies near Jersey City
In the Jersey City area, 11 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 319) and received an average PPP loan of $510,875 (compared to this company's $5.4M).
Similar Nearby Businesses Who Received PPP Funding:
Chioma Nkachukwu
Jersey City, NJ
Shamara Judson
Jersey City, NJ
Paradigm Way, LLC
Jersey City, NJ
Susan Morales
Jersey City, NJ
Arvin Lal
Jersey City, NJ
Frank Glover Productions Inc
Jersey City, NJ
T.R.M. Consulting Inc.
Jersey City, NJ
Crush It Enterprises, LLC
Jersey City, NJ
Industry PPP Comparison Statistics
Nationwide, 30,514 businesses in the "Marketing Consulting Services" industry received a total of $1,952,010,997.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than DG3 North America Inc's reported 319 employees, and received an average PPP loan of $63,971, 99% lower than this company's loan of $5.4M.
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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