PPP Loan Data — Dynamic Contracting, Inc, Washington, DC
Dynamic Contracting, Inc
Entity: Subchapter S Corporation
Location: Washington, DCTweet This • Search All PPP Data
Dynamic Contracting, Inc is a subchapter s corporation located at 2806 Douglas St Ne in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $1,807,602.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 110 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Dynamic Contracting, Inc in Washington, DC received a Paycheck Protection Loan of $1.81M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
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 April, 2021.
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, Dynamic Contracting, Inc's 2019 payroll expenses are estimated to be at least $8.68M.
Based on their reported 110 jobs retained, this equals an estimated average yearly compensation of $78,877 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dynamic Contracting, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,807,602
Business Information - Dynamic Contracting, Inc in Washington, DC
2806 Douglas St Ne
Washington, DC 20018
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 33 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 110) and received an average PPP loan of $346,824 (compared to this company's $1.81M).
Similar Nearby Businesses Who Received PPP Funding:
Broughton Construction Company,LLC
Micon Constructions Inc
Simmons Group LLC (The)
Annchor Construction Corporation
Prive' Demeure Inc
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 89% lower than Dynamic Contracting, Inc's reported 110 employees, and received an average PPP loan of $157,325, 91% lower than this company's loan of $1.81M.
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Footnotes & Information
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