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PPP Loan Data — Digital Domain 3.0, Inc., Los Angeles, CA

SBA PPP loan data, payroll data, and salaries for Digital Domain 3.0, Inc.
CA

Digital Domain 3.0, Inc.

Entity: Corporation

Industry: Motion Picture and Video Production

Location: Los Angeles, CA

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Digital Domain 3.0, Inc. is a corporation located at 12641 Beatrice St in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,196,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.2M

Jobs Retained:

217

Loan Approved:

2020-04-07

Lender:

EAST WEST BANK

Digital Domain 3.0, Inc. received a Paycheck Protection Loan of $3.2M through EAST WEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Digital Domain 3.0, Inc.'s total 2019 payroll expenses were approximately $15.34M in order to qualify for the PPP loan amount received.

Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $70,697 per employee1.

Because the loan received by Digital Domain 3.0, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Digital Domain 3.0, Inc. in Los Angeles, CA

Digital Domain 3.0, Inc.
12641 Beatrice St
Los Angeles, CA 90066

Business Industry

Motion Picture and Video Production (NAICS code 512110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-43

Similar Companies near Los Angeles

In the Los Angeles area, 166 businesses in the "Motion Picture and Video Production" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 217) and received an average PPP loan of $70,692 (compared to this company's $3.2M).

Industry PPP Comparison Statistics

Nationwide, 12,751 businesses in the "Motion Picture and Video Production" industry received a total of $753,529,815.00 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 5 employees, 98% lower than Digital Domain 3.0, Inc.'s reported 217 employees, and received an average PPP loan of $59,096, 98% lower than this company's loan of $3.2M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/digital-domain-30-inc-los-angeles-ca