PPP Loan Data — DMK Djk Ventures LLC, Louisville, KY
DMK Djk Ventures LLC is a limited liability company (LLC) located at 17500 in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $46,423.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Itria Ventures LLC
DMK Djk Ventures LLC in Louisville, KY received a Paycheck Protection Loan of $46,423 through Itria Ventures LLC, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, DMK Djk Ventures LLC's 2019 payroll expenses are estimated to be at least $222,830 (not accounting for salary amounts > $100k).
Because the 2 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, DMK Djk Ventures LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,421
- Utilities: $1
Business Information - DMK Djk Ventures LLC in Louisville, KY
Louisville, KY 40245
Computer Facilities Management Services
NAICS code 541513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 4 businesses in the "Computer Facilities Management Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $32,439 (compared to this company's $46,423).
Similar Nearby Businesses Who Received PPP Funding:
DMK Djk Ventures
Industry PPP Comparison Statistics
Nationwide, 3,511 businesses in the "Computer Facilities Management Services" industry received a total of $425.97M 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 9 employees, 350% higher than DMK Djk Ventures LLC's reported 2 employees, and received an average PPP loan of $121,326, 161% higher than this company's loan of $46,423.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!