PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Castalia Systems LLC, Tampa, FL

ALERT: There are 2 PPP loans for a total of $4.24M in our database for businesses with the name "Castalia Systems LLC" in Tampa, FL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Castalia Systems LLC
FL

Castalia Systems LLC

Entity: Limited Liability Company (LLC)

Industry: Custom Computer Programming Services

Location: Tampa, FL

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Castalia Systems LLC is a limited liability company (LLC) located at 1120 E Kennedy Blvd Unit 236 in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

The company has reported itself as a male veteran owned business, and employed at least 119 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1780158310

Loan Size:

$2M

Jobs Retained:

119

Loan Approved:

2021-01-19

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of Charles Town

Castalia Systems LLC in Tampa, FL received a Paycheck Protection Loan of $2M through Bank of Charles Town, which was approved in January, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Castalia Systems LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 119 jobs retained, this equals an estimated average yearly compensation of $80,672 per employee1

Reported PPP Proceed Usage:

On the PPP application, Castalia Systems LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by Castalia Systems LLC 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 - Castalia Systems LLC in Tampa, FL

Castalia Systems LLC
1120 E Kennedy Blvd Unit 236
Tampa, FL 33602

Business Industry:
Custom Computer Programming Services
NAICS code 541511

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hillsborough County, FL — SBA Office 0455 — Congressional District: FL-14

Similar Companies near Tampa

In the Tampa area, 23 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 119) and received an average PPP loan of $277,610 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 42,875 businesses in the "Custom Computer Programming Services" industry received a total of $6.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, 92% lower than Castalia Systems LLC's reported 119 employees, and received an average PPP loan of $155,111, 92% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Castalia Systems, LLC
FL

Castalia Systems, LLC

Entity: Limited Liability Company (LLC)

Industry: Custom Computer Programming Services

Location: Tampa, FL

Search All PPP Data

Castalia Systems, LLC is a limited liability company (LLC) located at 10810 Indigo Point Pl in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $2,240,000.00 in April, 2020.

The company has reported itself as a male veteran owned business, and employed at least 125 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6337957000

Loan Size:

$2.24M

Jobs Retained:

125

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of Charles Town

Castalia Systems, LLC in Tampa, FL received a Paycheck Protection Loan of $2.24M through Bank of Charles Town, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Castalia Systems, LLC's 2019 payroll expenses are estimated to be at least $10.75M.

Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $86,016 per employee1

Reported PPP Proceed Usage:

On the PPP application, Castalia Systems, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,240,000
Because the loan received by Castalia Systems, LLC 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 - Castalia Systems, LLC in Tampa, FL

Castalia Systems, LLC
10810 Indigo Point Pl
Tampa, FL 33612

Business Industry:
Custom Computer Programming Services
NAICS code 541511

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hillsborough County, FL — SBA Office 0455 — Congressional District: FL-14

Similar Companies near Tampa

In the Tampa area, 9 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 125) and received an average PPP loan of $273,923 (compared to this company's $2.24M).

Industry PPP Comparison Statistics

Nationwide, 42,875 businesses in the "Custom Computer Programming Services" industry received a total of $6.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, 92% lower than Castalia Systems, LLC's reported 125 employees, and received an average PPP loan of $155,111, 93% lower than this company's loan of $2.24M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/castalia-systems-llc-tampa-fl