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PPP Loan Data — APN Software Services Inc., Newark, CA

SBA PPP loan data, payroll data, and salaries for APN Software Services Inc.
CA

APN Software Services Inc.

Entity: Corporation

Industry: Temporary Help Services

Location: Newark, CA

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APN Software Services Inc. is a corporation located at 39899 Balentine Drive in Newark, California that received a Coronavirus-related PPP loan from the SBA of $3,482,902.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.48M

Jobs Retained:

204

Loan Approved:

2020-04-27

Lender:

AVIDBANK

APN Software Services Inc. in Newark, CA received a Paycheck Protection Loan of $3.48M through AVIDBANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, APN Software Services Inc.'s total 2019 payroll expenses were approximately $16.72M in order to qualify for the PPP loan amount received.

Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $81,951 per employee1.

Because the loan received by APN Software Services Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - APN Software Services Inc. in Newark, CA

APN Software Services Inc.
39899 Balentine Drive
Newark, CA 94560

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-17

Industry PPP Comparison Statistics

Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 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 61 employees, 70% lower than APN Software Services Inc.'s reported 204 employees, and received an average PPP loan of $608,834, 83% lower than this company's loan of $3.48M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/apn-software-services-inc-newark-ca