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PPP Loan Data — Center For Internet Security,
East Greenbush, NY
Center For Internet Security
Entity: Non-profit Organization
Industry: All Other Professional, Scientific, and Technical Services
Location: East Greenbush, NY
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Center For Internet Security is a non-profit organization located at 31 Tech Valley Dr in East Greenbush, New York that received a Coronavirus-related PPP loan from the SBA of $4,155,300.00 in April, 2020.
$
PPP Loan Information
Loan #1011347209
Loan Size:
Jobs Retained:
223Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Citizens Bank, National AssociationCenter For Internet Security in East Greenbush, NY received a Paycheck Protection Loan of $4.16M through Citizens Bank, National Association, 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 June, 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 MoreUnderstanding 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 MoreBased 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, Center For Internet Security's 2019 payroll expenses are estimated to be at least $19.95M.
Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $89,441 per employee1
Reported PPP Proceed Usage:
On the PPP application, Center For Internet Security reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,155,300
Business Information - Center For Internet Security in East Greenbush, NY
31 Tech Valley Dr
East Greenbush, NY 12061
Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Center For Internet Security.
Global Cyber Alliance Inc
Human Rights Organizations
Similar Companies near East Greenbush
In the East Greenbush area, 6 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 223) and received an average PPP loan of $711,573 (compared to this company's $4.16M).
Similar Nearby Businesses Who Received PPP Funding:
George Rickey Estate, LLC
East Chatham, NY
Dandelion Design, Inc
East Nassau, NY
Coyne Assessments, Inc
East Greenbush, NY
Steves Well Pump Repair Inc
East Greenbush, NY
Industry PPP Comparison Statistics
Nationwide, 128,125 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.31B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Center For Internet Security's reported 223 employees, and received an average PPP loan of $57,089, 99% lower than this company's loan of $4.16M.
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.
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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