PPP Loan Data — Corvid Technologies, Inc., Mooresvlille, NC
Corvid Technologies, Inc.
Entity: Limited Liability Company (LLC)
Industry: Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
Location: Mooresvlille, NCTweet This • Search All PPP Data
Corvid Technologies, Inc. is a limited liability company (LLC) located at 153 Langtree Campus Drive in Mooresvlille, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,583,332.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Corvid Technologies, Inc. in Mooresvlille, NC received a Paycheck Protection Loan of $4.58M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Corvid Technologies, Inc.'s total 2019 payroll expenses were approximately $22M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $100,000 (not accounting for salary amounts > $100k) per employee1.
Business Information - Corvid Technologies, Inc. in Mooresvlille, NC
153 Langtree Campus Drive
Mooresvlille, NC 28117
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-13
Industry PPP Comparison Statistics
Nationwide, 2,580 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a total of $574,978,946.00 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, 95% lower than Corvid Technologies, Inc.'s reported 220 employees, and received an average PPP loan of $222,860, 95% lower than this company's loan of $4.58M.
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.
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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