PPP Loan Data — Cyma Systems Inc,
Manchester, CT
Cyma Systems Inc
Entity: Subchapter S Corporation
Industry: Custom Computer Programming Services
Location: Manchester, CT

Cyma Systems Inc is a subchapter s corporation located at 360 Tolland Tpke Ste 2d in Manchester, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$ PPP Loan Information Loan #2686278505
Loan Size:
Jobs Retained:
146Loan Approved:
2021-02-22Loan Status:
Active Un-DisbursedLender:
KeyBank National AssociationCyma Systems Inc in Manchester, CT received a Paycheck Protection Loan of $2M through KeyBank National Association, which was approved in February, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $2M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in February, 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, Cyma Systems Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 146 jobs retained, this equals an estimated average yearly compensation of $65,753 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cyma Systems Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Cyma Systems Inc in Manchester, CT
360 Tolland Tpke Ste 2d
Manchester, CT 6042
Business Industry:
Custom Computer Programming Services
NAICS code 541511
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: Urban
Similar Companies near Manchester
In the Manchester area, 3 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 146) and received an average PPP loan of $1,652,667 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Cyma Systems Inc
Manchester, CT
Daigle Enterprises Inc
Manchester, CT
Industry PPP Comparison Statistics
Nationwide, 38,818 businesses in the "Custom Computer Programming Services" industry received a total of $6,466,738,746.00 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 Cyma Systems Inc's reported 146 employees, and received an average PPP loan of $166,591, 92% lower than this company's loan of $2M.
Cyma Systems Inc
Entity: Subchapter S Corporation
Industry: Custom Computer Programming Services
Location: Manchester, CT

Cyma Systems Inc is a subchapter s corporation located at 360 Tolland Turnpike, Suite 2d in Manchester, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,953,313.00 in April, 2020.
$ PPP Loan Information Loan #6057167201
Loan Size:
Jobs Retained:
148Loan Approved:
2020-04-27Loan Status:
Ongoing LoanLender:
KeyBank National AssociationCyma Systems Inc in Manchester, CT received a Paycheck Protection Loan of $2.95M through KeyBank National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Cyma Systems Inc's 2019 payroll expenses are estimated to be at least $14.18M.
Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $95,783 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cyma Systems Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,953,313
Business Information - Cyma Systems Inc in Manchester, CT
360 Tolland Turnpike, Suite 2d
Manchester, CT 6042
Business Industry:
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Manchester
In the Manchester area, 3 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 148) and received an average PPP loan of $1,652,667 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
Daigle Enterprises Inc
Manchester, CT
Cyma Systems Inc
Manchester, CT
Industry PPP Comparison Statistics
Nationwide, 38,818 businesses in the "Custom Computer Programming Services" industry received a total of $6,466,738,746.00 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, 93% lower than Cyma Systems Inc's reported 148 employees, and received an average PPP loan of $166,591, 94% lower than this company's loan of $2.95M.
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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