PPP Loan Data — NW Entertainment, Inc, Burbank, CA
NW Entertainment, Inc is a corporation located at 2660 W. Olive Ave in Burbank, California that received a Coronavirus-related PPP loan from the SBA of $3,377,500.00 in April, 2020.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
NW Entertainment, Inc received a Paycheck Protection Loan of $3.38M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, NW Entertainment, Inc's total 2019 payroll expenses were approximately $16.21M in order to qualify for the PPP loan amount received.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $83,567 per employee1.
Business Information - NW Entertainment, Inc in Burbank, CA
2660 W. Olive Ave
Burbank, CA 91505
Teleproduction and Other Postproduction Services (NAICS code 512191)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-28
Similar Companies near Burbank
In the Burbank area, 28 businesses in the "Teleproduction and Other Postproduction Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 194) and received an average PPP loan of $444,101 (compared to this company's $3.38M).
Similar Nearby Businesses Who Received PPP Funding:
DC Video Corporation
Los Angeles Distribution & Broadcasting, Inc.
Revolution Post Inc
Smart Post Atlanta, LLC
Final Note Productions, Inc.
Advanced Audio Rental, Inc.
Industry PPP Comparison Statistics
Nationwide, 1,396 businesses in the "Teleproduction and Other Postproduction Services" industry received a total of $123,465,931.00 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 5 employees, 97% lower than NW Entertainment, Inc's reported 194 employees, and received an average PPP loan of $88,443, 97% lower than this company's loan of $3.38M.
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Footnotes & Information
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