PPP Loan Data — ASI Computer Technologies Inc, Fremont, CA
ASI Computer Technologies Inc
Location: Fremont, CATweet This • Search All PPP Data
ASI Computer Technologies Inc is a corporation located at 48289 Fremont Blvd in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $3,771,450.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 270 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
ASI Computer Technologies Inc in Fremont, CA received a Paycheck Protection Loan of $3.77M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, ASI Computer Technologies Inc's total 2019 payroll expenses were approximately $18.1M in order to qualify for the PPP loan amount received.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $67,048 per employee1.
Business Information - ASI Computer Technologies Inc in Fremont, CA
48289 Fremont Blvd
Fremont, CA 94538
Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (NAICS code 423430)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-17
Similar Companies near Fremont
In the Fremont area, 29 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 270) and received an average PPP loan of $579,554 (compared to this company's $3.77M).
Similar Nearby Businesses Who Received PPP Funding:
Quanta Computer USA Inc
Mega Micro Devices Inc
M-Plus International Technology Inc
Aver Information Inc
Virtual Micro Inc.
Industry PPP Comparison Statistics
Nationwide, 2,714 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $530,433,905.00 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 12 employees, 96% lower than ASI Computer Technologies Inc's reported 270 employees, and received an average PPP loan of $195,444, 95% lower than this company's loan of $3.77M.
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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