PPP Loan Data — Agreeya Solutions, Inc., Folsom, CA
Agreeya Solutions, Inc. is a subchapter s corporation located at 605 Coolidge Dr., Ste 200 in Folsom, California that received a Coronavirus-related PPP loan from the SBA of $7,149,167.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF THE WEST
Agreeya Solutions, Inc. received a Paycheck Protection Loan of $7.15M through BANK OF THE WEST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Agreeya Solutions, Inc.'s total 2019 payroll expenses were approximately $34.32M in order to qualify for the PPP loan amount received.
Based on their reported 397 jobs retained, this equals an estimated average yearly compensation of $86,438 per employee1.
Business Information - Agreeya Solutions, Inc. in Folsom, CA
605 Coolidge Dr., Ste 200
Folsom, CA 95630
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-07
Similar Companies near Folsom
In the Folsom area, 24 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 397) and received an average PPP loan of $518,086 (compared to this company's $7.15M).
Similar Nearby Businesses Who Received PPP Funding:
Retail Pro International LLC
Group One Consulting, Inc.
Celer Systems Inc
Kiefer Consulting, Inc.
Oak Technical Services
Center Point Assessment Solutions, Inc.
Icloud Consulting Services Inc
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 97% lower than Agreeya Solutions, Inc.'s reported 397 employees, and received an average PPP loan of $200,633, 97% lower than this company's loan of $7.15M.
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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