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PPP Loan Data — NW Entertainment, Inc,
Burbank, CA
NW Entertainment, Inc
Entity: Corporation
Industry: Teleproduction and Other Postproduction Services
Location: Burbank, CA
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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
Loan Size:
Jobs Retained:
194Loan Approved:
2020-04-05Lender:
CITY NATIONAL BANKNW 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
Business Industry
Teleproduction and Other Postproduction Services (NAICS code 512191)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-28Similar 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
Burbank, CA
Los Angeles Distribution & Broadcasting, Inc.
Burbank, CA
Revolution Post Inc
Burbank, CA
Raiko Entertainment
Burbank, CA
Smart Post Atlanta, LLC
Burbank, CA
Filmlook Inc
Burbank, CA
Final Note Productions, Inc.
Burbank, CA
1607 Productions
Burbank, CA
Advanced Audio Rental, Inc.
Burbank, CA
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.
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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