PPP Loan Data — R. Brad Murano DBA Vetro Pictures, Addison, TX
R. Brad Murano DBA Vetro Pictures is a sole proprietorship located in Addison, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
R. Brad Murano DBA Vetro Pictures in Addison, TX received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, R. Brad Murano DBA Vetro Pictures reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $13,500
- Utilities: $1,500
- Mortgage Interest: $1,950
- Rent: $3,600
- Debt Interest: $4,450
Business Information - R. Brad Murano DBA Vetro Pictures in Addison, TX
* Full address is redacted to protect the privacy of individuals.
Motion Picture and Video Production
NAICS code 512110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Addison
In the Addison area, 12 businesses in the "Motion Picture and Video Production" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $31,599 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Bravo Productions Entertainment, Inc
Luis F Acevedo
Bad Monkey Production
LAV Productions Inc
Industry PPP Comparison Statistics
Nationwide, 30,192 businesses in the "Motion Picture and Video Production" industry received a total of $1.32B 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 4 employees, 300% higher than R. Brad Murano DBA Vetro Pictures' reported 1 employees, and received an average PPP loan of $43,645, 75% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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