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PPP Loan Data — Dynamic Concepts, Inc., Washington, DC

SBA PPP loan data, payroll data, and salaries for Dynamic Concepts, Inc.
DC

Dynamic Concepts, Inc.

Entity: Corporation

Industry: Facilities Support Services

Location: Washington, DC

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Dynamic Concepts, Inc. is a corporation located at 1730 17th Street Ne in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $2,993,190.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.99M

Jobs Retained:

307

Loan Approved:

2020-04-15

Lender:

EAGLEBANK

Dynamic Concepts, Inc. received a Paycheck Protection Loan of $2.99M through EAGLEBANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Dynamic Concepts, Inc.'s total 2019 payroll expenses were approximately $14.37M in order to qualify for the PPP loan amount received.

Based on their reported 307 jobs retained, this equals an estimated average yearly compensation of $46,799 per employee1.

Because the loan received by Dynamic Concepts, 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 - Dynamic Concepts, Inc. in Washington, DC

Dynamic Concepts, Inc.
1730 17th Street Ne
Washington, DC 20002

Business Industry

Facilities Support Services (NAICS code 561210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: DC-

Similar Companies near Washington

In the Washington area, 5 businesses in the "Facilities Support Services" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 307) and received an average PPP loan of $995,731 (compared to this company's $2.99M).

Industry PPP Comparison Statistics

Nationwide, 1,765 businesses in the "Facilities Support Services" industry received a total of $434,144,705.00 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 22 employees, 93% lower than Dynamic Concepts, Inc.'s reported 307 employees, and received an average PPP loan of $245,974, 92% lower than this company's loan of $2.99M.

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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Source: www.federalpay.org/paycheck-protection-program/dynamic-concepts-inc-washington-dc