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PPP Loan Data — Apogee Telecom Inc,
Austin, TX
Apogee Telecom Inc
Entity: Corporation
Industry: Computer Systems Design Services
Location: Austin, TX
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Apogee Telecom Inc is a corporation located at 1905 Kramer Ln in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $4,065,250.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 233 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
233Loan Approved:
2020-04-15Lender:
AUSTIN COUNTY STATE BANKApogee Telecom Inc in Austin, TX received a Paycheck Protection Loan of $4.07M through AUSTIN COUNTY STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Apogee Telecom Inc's total 2019 payroll expenses were approximately $19.51M in order to qualify for the PPP loan amount received.
Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $83,748 per employee1.
Business Information - Apogee Telecom Inc in Austin, TX
1905 Kramer Ln
Austin, TX 78758
Business Industry
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-10Similar Companies near Austin
In the Austin area, 21 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 233) and received an average PPP loan of $398,095 (compared to this company's $4.07M).
Similar Nearby Businesses Who Received PPP Funding:
Headspring LLC
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Mesa Integrated Solutions, Inc
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Downer Mobility LLC
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Agile Velocity, LLC
Austin, TX
Infomaks LLC
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Boxx Technologies, LLC
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MLC Worldwide Inc
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Praxsys System Development Inc.
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Techporch
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Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 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 10 employees, 96% lower than Apogee Telecom Inc's reported 233 employees, and received an average PPP loan of $181,408, 96% lower than this company's loan of $4.07M.
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.
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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