PPP Loan Data — Eatstreet, Inc., Madison, WI
Eatstreet, Inc. is a corporation located at 316 W. Washington Ave, Suite 725 in Madison, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,611,529.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
Eatstreet, Inc. in Madison, WI received a Paycheck Protection Loan of $3.61M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Eatstreet, Inc.'s total 2019 payroll expenses were approximately $17.34M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $34,671 per employee1.
Business Information - Eatstreet, Inc. in Madison, WI
316 W. Washington Ave, Suite 725
Madison, WI 53703
Software Publishers (NAICS code 511210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-02
Similar Companies near Madison
In the Madison area, 13 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 500) and received an average PPP loan of $697,962 (compared to this company's $3.61M).
Similar Nearby Businesses Who Received PPP Funding:
My Coverage Plan Inc.
Curate Solutions Inc
Moxe Health Corporation
Filament Games LLC
Fetch Rewards, Inc.
Industry PPP Comparison Statistics
Nationwide, 8,232 businesses in the "Software Publishers" industry received a total of $2,105,805,320.00 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 13 employees, 97% lower than Eatstreet, Inc.'s reported 500 employees, and received an average PPP loan of $255,807, 93% lower than this company's loan of $3.61M.
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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