PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — DJH Enterprises, Costa Mesa, CA

SBA PPP loan data, payroll data, and salaries for DJH Enterprises
CA

DJH Enterprises

Entity: Corporation

Industry: Audio and Video Equipment Manufacturing

Location: Costa Mesa, CA

Search All PPP Data

DJH Enterprises is a corporation located at 234 Fischer Ave. in Costa Mesa, California that received a Coronavirus-related PPP loan from the SBA of $49,005.00 in June, 2020.

The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.

$ PPP Loan Information
Loan #5217987903

Loan Size:

$49,005

Jobs Retained:

6

Loan Approved:

2020-06-15

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

DJH Enterprises in Costa Mesa, CA received a Paycheck Protection Loan of $49,005 through Cross River Bank, which was approved in June, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, DJH Enterprises' 2019 payroll expenses are estimated to be at least $235,224.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $39,204 per employee1

Reported PPP Proceed Usage:

On the PPP application, DJH Enterprises reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $49,005

Business Information - DJH Enterprises in Costa Mesa, CA

DJH Enterprises
234 Fischer Ave.
Costa Mesa, CA 92626

Business Industry:
Audio and Video Equipment Manufacturing
NAICS code 334310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Orange County, CA — SBA Office 0920 — Congressional District: CA-48

Similar Companies near Costa Mesa

In the Costa Mesa area, 5 businesses in the "Audio and Video Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 104 employees (compared to this company's 6) and received an average PPP loan of $2,055,397 (compared to this company's $49,005).

Industry PPP Comparison Statistics

Nationwide, 2,143 businesses in the "Audio and Video Equipment Manufacturing" industry received a total of $270.15M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, 67% higher than DJH Enterprises' reported 6 employees, and received an average PPP loan of $126,063, 157% higher than this company's loan of $49,005.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/djh-enterprises-costa-mesa-ca