PPP Loan Data — MGA Entertainment Inc, Van Nuys, CA
MGA Entertainment Inc
Location: Van Nuys, CATweet This • Search All PPP Data
MGA Entertainment Inc is a corporation located at 16380 Roscoe Blvd Ste 110 in Van Nuys, California that received a Coronavirus-related PPP loan from the SBA of $7,358,865.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
MGA Entertainment Inc received a Paycheck Protection Loan of $7.36M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, MGA Entertainment Inc's total 2019 payroll expenses were approximately $35.32M 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 $98,943 per employee1.
Business Information - MGA Entertainment Inc in Van Nuys, CA
16380 Roscoe Blvd Ste 110
Van Nuys, CA 91406
Toy and Hobby Goods and Supplies Merchant Wholesalers (NAICS code 423920)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-29
Similar Companies near Van Nuys
In the Van Nuys area, 3 businesses in the "Toy and Hobby Goods and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 357) and received an average PPP loan of $2,547,576 (compared to this company's $7.36M).
Similar Nearby Businesses Who Received PPP Funding:
Royal Electronics Inc
Van Nuys, CA
EZ Games Distribution, Inc
Van Nuys, CA
Industry PPP Comparison Statistics
Nationwide, 1,343 businesses in the "Toy and Hobby Goods and Supplies Merchant Wholesalers" industry received a total of $191,253,915.00 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 12 employees, 97% lower than MGA Entertainment Inc's reported 357 employees, and received an average PPP loan of $142,408, 98% lower than this company's loan of $7.36M.
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