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PPP Loan Data — Meyer Sound Laboratories Incorporated,
Berkeley, CA
Meyer Sound Laboratories Incorporated
Entity: Corporation
Industry: Other Sound Recording Industries
Location: Berkeley, CA
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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
Loan Size:
Jobs Retained:
357Loan Approved:
2020-04-15Lender:
SOUND COMMUNITY BANKMeyer 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
Business Industry
Other Sound Recording Industries (NAICS code 512290)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-13Industry 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.
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.
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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