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PPP Loan Data — E-Giants Technologies, LLC, West Des Moines, IA

SBA PPP loan data, payroll data, and salaries for E-Giants Technologies, LLC
IA

E-Giants Technologies, LLC

Entity: Limited Liability Company (LLC)

Industry: Custom Computer Programming Services

Location: West Des Moines, IA

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E-Giants Technologies, LLC is a limited liability company (LLC) located at 4500 Westown Pkwy in West Des Moines, Iowa that received a Coronavirus-related PPP loan from the SBA of $4,726,504.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 282 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.73M

Jobs Retained:

282

Loan Approved:

2020-04-10

Lender:

FARMERS STATE BANK

E-Giants Technologies, LLC received a Paycheck Protection Loan of $4.73M through FARMERS STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, E-Giants Technologies, LLC's total 2019 payroll expenses were approximately $22.69M in order to qualify for the PPP loan amount received.

Based on their reported 282 jobs retained, this equals an estimated average yearly compensation of $80,451 per employee1.

Because the loan received by E-Giants Technologies, LLC 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 - E-Giants Technologies, LLC in West Des Moines, IA

E-Giants Technologies, LLC
4500 Westown Pkwy
West Des Moines, IA 50266

Business Industry

Custom Computer Programming Services (NAICS code 541511)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: IA-03

Similar Companies near West Des Moines

In the West Des Moines area, 9 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 282) and received an average PPP loan of $972,342 (compared to this company's $4.73M).

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, 96% lower than E-Giants Technologies, LLC's reported 282 employees, and received an average PPP loan of $200,633, 96% lower than this company's loan of $4.73M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/e-giants-technologies-llc-west-des-moines-ia