PPP Loan Data — Duggal Visual Solutions Inc, Brooklyn, NY
Duggal Visual Solutions Inc is a corporation located at 63 Flushing Ave Bldg 25 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $6,711,016.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Duggal Visual Solutions Inc in Brooklyn, NY received a Paycheck Protection Loan of $6.71M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Duggal Visual Solutions Inc's total 2019 payroll expenses were approximately $32.21M in order to qualify for the PPP loan amount received.
Based on their reported 458 jobs retained, this equals an estimated average yearly compensation of $70,334 per employee1.
Business Information - Duggal Visual Solutions Inc in Brooklyn, NY
63 Flushing Ave Bldg 25
Brooklyn, NY 11205
Commercial Printing (except Screen and Books) (NAICS code 323111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-07
Similar Companies near Brooklyn
In the Brooklyn area, 14 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 458) and received an average PPP loan of $512,944 (compared to this company's $6.71M).
Similar Nearby Businesses Who Received PPP Funding:
Womp 3D, Inc
Vertex Printing Inc.
Fineline Thermographers Inc.
Rite Print Inc
Echod Graphics Inc
Ares Worldwide Inc
Industry PPP Comparison Statistics
Nationwide, 13,022 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $1,940,592,408.00 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 12 employees, 97% lower than Duggal Visual Solutions Inc's reported 458 employees, and received an average PPP loan of $149,024, 98% lower than this company's loan of $6.71M.
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, 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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