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PPP Loan Data — Ceros, Inc., New York, NY

SBA PPP loan data, payroll data, and salaries for Ceros, Inc.
NY

Ceros, Inc.

Entity: Corporation

Industry: Software Publishers

Location: New York, NY

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Ceros, Inc. is a corporation located at 40 West 25th Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,576,113.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.58M

Jobs Retained:

206

Loan Approved:

2020-04-15

Lender:

SILICON VALLEY BANK

Ceros, Inc. in New York, NY received a Paycheck Protection Loan of $3.58M through SILICON VALLEY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ceros, Inc.'s total 2019 payroll expenses were approximately $17.17M in order to qualify for the PPP loan amount received.

Based on their reported 206 jobs retained, this equals an estimated average yearly compensation of $83,327 per employee1.

Because the loan received by Ceros, Inc. 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 - Ceros, Inc. in New York, NY

Ceros, Inc.
40 West 25th Street
New York, NY 10010

Business Industry

Software Publishers (NAICS code 511210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-12

Similar Companies near New York

In the New York area, 46 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 206) and received an average PPP loan of $389,784 (compared to this company's $3.58M).

Industry PPP Comparison Statistics

Nationwide, 8,232 businesses in the "Software Publishers" industry received a total of $2,105,805,320.00 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 13 employees, 94% lower than Ceros, Inc.'s reported 206 employees, and received an average PPP loan of $255,807, 93% lower than this company's loan of $3.58M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ceros-inc-new-york-ny