PPP Loan Data — Crown Software Systems Corp, Rotonda West, FL
Crown Software Systems Corp is a corporation located at 6 Bunker Place in Rotonda West, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Crown Software Systems Corp in Rotonda West, FL received a Paycheck Protection Loan of $25,000 through Suncoast CU, 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Crown Software Systems Corp's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Crown Software Systems Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Crown Software Systems Corp in Rotonda West, FL
6 Bunker Place
Rotonda West, FL 33947
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rotonda West
In the Rotonda West area, 4 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $17,846 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Rotonda West, FL
Port Charlotte, FL
Port Charlotte, FL
Industry PPP Comparison Statistics
Nationwide, 43,326 businesses in the "Custom Computer Programming Services" industry received a total of $6.67B 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, 400% higher than Crown Software Systems Corp's reported 2 employees, and received an average PPP loan of $153,857, 515% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!