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PPP Loan Data — Chetu Inc, Plantation, FL

SBA PPP loan data, payroll data, and salaries for Chetu Inc
FL

Chetu Inc

Entity: Subchapter S Corporation

Industry: Custom Computer Programming Services

Location: Plantation, FL

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Chetu Inc is a subchapter s corporation located at 10167 West Sunrise Boulevard in Plantation, Florida that received a Coronavirus-related PPP loan from the SBA of $2,665,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.67M

Jobs Retained:

144

Loan Approved:

2020-04-27

Lender:

CITY NATIONAL BANK OF FLORIDA

Chetu Inc in Plantation, FL received a Paycheck Protection Loan of $2.67M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Chetu Inc's total 2019 payroll expenses were approximately $12.79M in order to qualify for the PPP loan amount received.

Based on their reported 144 jobs retained, this equals an estimated average yearly compensation of $88,840 per employee1.

Because the loan received by Chetu 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 - Chetu Inc in Plantation, FL

Chetu Inc
10167 West Sunrise Boulevard
Plantation, FL 33322

Business Industry

Custom Computer Programming Services (NAICS code 541511)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-23

Similar Companies near Plantation

In the Plantation area, 10 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 144) and received an average PPP loan of $279,120 (compared to this company's $2.67M).

Industry PPP Comparison Statistics

Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 92% lower than Chetu Inc's reported 144 employees, and received an average PPP loan of $200,633, 92% lower than this company's loan of $2.67M.

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/chetu-inc-plantation-fl