PPP Loan Data — Meyer Sound Laboratories Incorporated, Berkeley, CA
Meyer Sound Laboratories Incorporated is a corporation located at 2832 San Pablo Avenue in Berkeley, California that received a Coronavirus-related PPP loan from the SBA of $5,483,800.00 in April, 2020.
$ PPP Loan Information
Lender:SOUND COMMUNITY BANK
Meyer Sound Laboratories Incorporated received a Paycheck Protection Loan of $5.48M through SOUND COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Meyer Sound Laboratories Incorporated's total 2019 payroll expenses were approximately $26.32M in order to qualify for the PPP loan amount received.
Based on their reported 357 jobs retained, this equals an estimated average yearly compensation of $73,732 per employee1.
Business Information - Meyer Sound Laboratories Incorporated in Berkeley, CA
2832 San Pablo Avenue
Berkeley, CA 94702
Other Sound Recording Industries (NAICS code 512290)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-13
Industry PPP Comparison Statistics
Nationwide, 1,258 businesses in the "Other Sound Recording Industries" industry received a total of $68,113,345.00 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 4 employees, 99% lower than Meyer Sound Laboratories Incorporated's reported 357 employees, and received an average PPP loan of $54,144, 99% lower than this company's loan of $5.48M.
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Footnotes & Information
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