PPP Loan Data — Archer Systems, LLC, Houston, TX
Archer Systems, LLC is a limited liability company (LLC) located at 1775 St. James Place, Suite 200 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,953,400.00 in April, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
Archer Systems, LLC in Houston, TX received a Paycheck Protection Loan of $2.95M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Archer Systems, LLC's total 2019 payroll expenses were approximately $14.18M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $70,882 per employee1.
Business Information - Archer Systems, LLC in Houston, TX
1775 St. James Place, Suite 200
Houston, TX 77056
All Other Legal Services (NAICS code 541199)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-07
Similar Companies near Houston
In the Houston area, 14 businesses in the "All Other Legal Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 200) and received an average PPP loan of $285,887 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
I & J Paralegal Solutions
Gina T Vitale
Mabel And Associates, LLC
Matthews, Lawson, Mccutcheon & Joseph, PLLC
MD Gibson & Bolen, PC
Roxell Richards And Associates, PLLC
Industry PPP Comparison Statistics
Nationwide, 7,395 businesses in the "All Other Legal Services" industry received a total of $496,918,317.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than Archer Systems, LLC's reported 200 employees, and received an average PPP loan of $67,197, 98% lower than this company's loan of $2.95M.
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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