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PPP Loan Data — Matchmaster Dyeing & Finishing, Los Angeles, CA

SBA PPP loan data, payroll data, and salaries for Matchmaster Dyeing & Finishing
CA

Matchmaster Dyeing & Finishing

Entity: Corporation

Industry: Knit Fabric Mills

Location: Los Angeles, CA

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Matchmaster Dyeing & Finishing is a corporation located at 3750 S Broadway Place in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $6,918,427.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.92M

Jobs Retained:

500

Loan Approved:

2020-04-11

Lender:

MUFG UNION BANK, NATIONAL ASSOCIATION

Matchmaster Dyeing & Finishing received a Paycheck Protection Loan of $6.92M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Matchmaster Dyeing & Finishing's total 2019 payroll expenses were approximately $33.21M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $66,417 per employee1.

Because the loan received by Matchmaster Dyeing & Finishing 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 - Matchmaster Dyeing & Finishing in Los Angeles, CA

Matchmaster Dyeing & Finishing
3750 S Broadway Place
Los Angeles, CA 90007

Business Industry

Knit Fabric Mills (NAICS code 313240)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-37

Industry PPP Comparison Statistics

Nationwide, 83 businesses in the "Knit Fabric Mills" industry received a total of $27,485,123.00 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 26 employees, 95% lower than Matchmaster Dyeing & Finishing's reported 500 employees, and received an average PPP loan of $331,146, 95% lower than this company's loan of $6.92M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/matchmaster-dyeing-and-finishing-los-angeles-ca