PPP Loan Data — Pixelogic Media Partners LLC, Burbank, CA
Pixelogic Media Partners LLC is a limited liability company (LLC) located at 4000 W. Alameda Ave Suite 110 in Burbank, California that received a Coronavirus-related PPP loan from the SBA of $6,028,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Blue Ridge Bank, National Association
Pixelogic Media Partners LLC in Burbank, CA received a Paycheck Protection Loan of $6.03M through Blue Ridge Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Pixelogic Media Partners LLC's 2019 payroll expenses are estimated to be at least $28.94M.
Based on their reported 412 jobs retained, this equals an estimated average yearly compensation of $70,231 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pixelogic Media Partners LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,000,000
- Rent: $500,000
- Debt Interest: $528,200
Business Information - Pixelogic Media Partners LLC in Burbank, CA
4000 W. Alameda Ave Suite 110
Burbank, CA 91505
Teleproduction and Other Postproduction Services
NAICS code 512191
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Burbank
In the Burbank area, 56 businesses in the "Teleproduction and Other Postproduction Services" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 412) and received an average PPP loan of $364,557 (compared to this company's $6.03M).
Similar Nearby Businesses Who Received PPP Funding:
The Product Factory LLC
Roush Media Inc
DBA Ugosound Studios
Los Angeles Distribution & Broadcasting, Inc
Darin Kerby Productions Inc
GIL Cunha Productions, Inc
Micdi Productions Inc
Splash The Glass LLC
Industry PPP Comparison Statistics
Nationwide, 2,761 businesses in the "Teleproduction and Other Postproduction Services" industry received a total of $211.24M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 99% lower than Pixelogic Media Partners LLC's reported 412 employees, and received an average PPP loan of $76,507, 99% lower than this company's loan of $6.03M.
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Footnotes & Information
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