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PPP Loan Data — DLS Events LLC,
Los Angeles, CA
DLS Events LLC
Entity: Limited Liability Company (LLC)
Industry: Food Service Contractors
Location: Los Angeles, CA
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DLS Events LLC is a limited liability company (LLC) located at 3780 Wilshire Blvd Ste 800 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $1,999,998.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least 472 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1655228504
Loan Size:
Jobs Retained:
472Loan Approved:
2021-02-19Loan Status:
Paid in Full or ForgivenLender:
Sunwest BankDLS Events LLC in Los Angeles, CA received a Paycheck Protection Loan of $2M through Sunwest Bank, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2022.
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 MoreUnderstanding 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 MoreBased 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, DLS Events LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 472 jobs retained, this equals an estimated average yearly compensation of $20,339 per employee1
Reported PPP Proceed Usage:
On the PPP application, DLS Events LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - DLS Events LLC in Los Angeles, CA
3780 Wilshire Blvd Ste 800
Los Angeles, CA 90010
Business Industry:
Food Service Contractors
NAICS code 722310
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Los Angeles
In the Los Angeles area, 13 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 472) and received an average PPP loan of $174,225 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Lucia Hernandez
Los Angeles, CA
Darchelle Trapp
Los Angeles, CA
Maplewood Venture Inc
Los Angeles, CA
Passion Rodriguez
Los Angeles, CA
Alicia Lamotte
Los Angeles, CA
Maritza Villarreal
Los Angeles, CA
Shirl Odom
Los Angeles, CA
John Engel
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 35,803 businesses in the "Food Service Contractors" industry received a total of $1.95B 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 7 employees, 99% lower than DLS Events LLC's reported 472 employees, and received an average PPP loan of $54,509, 97% lower than this company's loan of $2M.
DLS Events, LLC
Entity: Limited Liability Company (LLC)
Industry: Caterers
Location: Los Angeles, CA
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DLS Events, LLC is a limited liability company (LLC) located at 3780 Wilshire Blvd #800 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,574,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 329 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1734617309
Loan Size:
Jobs Retained:
329Loan Approved:
2020-04-28Loan Status:
Ongoing LoanLender:
Sunwest BankDLS Events, LLC in Los Angeles, CA received a Paycheck Protection Loan of $3.57M through Sunwest Bank, which was approved in April, 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 MoreUnderstanding 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 MoreBased 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, DLS Events, LLC's 2019 payroll expenses are estimated to be at least $17.16M.
Based on their reported 329 jobs retained, this equals an estimated average yearly compensation of $52,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, DLS Events, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,574,000
Business Information - DLS Events, LLC in Los Angeles, CA
3780 Wilshire Blvd #800
Los Angeles, CA 90010
Business Industry:
Caterers
NAICS code 722320
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Los Angeles
In the Los Angeles area, 55 businesses in the "Caterers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 329) and received an average PPP loan of $90,939 (compared to this company's $3.57M).
Similar Nearby Businesses Who Received PPP Funding:
Damonae Young
Los Angeles, CA
Marsha Fritzmeyer
Los Angeles, CA
Slauson Food & Beverage Wholesalers, Inc
Los Angeles, CA
Aurora Graciela Franco
Los Angeles, CA
Katrina Howard
Los Angeles, CA
Bagel Broker LLC
Los Angeles, CA
Alex Mejia
Los Angeles, CA
Norvel Williams
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 77,847 businesses in the "Caterers" industry received a total of $2.82B 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 4 employees, 99% lower than DLS Events, LLC's reported 329 employees, and received an average PPP loan of $36,240, 99% lower than this company's loan of $3.57M.
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.
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.
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