FederalPay.org
PPP Loan Data — Elacarte Inc.,
Redwood City, CA
Elacarte Inc.
Entity: Corporation
Industry: Custom Computer Programming Services
Location: Redwood City, CA
Tweet This
•
Search All PPP Data
Elacarte Inc. is a corporation located at 810 Hamilton St in Redwood City, California that received a Coronavirus-related PPP loan from the SBA of $2,599,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
134Loan Approved:
2020-04-12Lender:
FIRST HOME BANKElacarte Inc. in Redwood City, CA received a Paycheck Protection Loan of $2.6M through FIRST HOME BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Elacarte Inc.'s total 2019 payroll expenses were approximately $12.48M in order to qualify for the PPP loan amount received.
Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $93,109 per employee1.
Business Information - Elacarte Inc. in Redwood City, CA
810 Hamilton St
Redwood City, CA 94063
Business Industry
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-14Similar Companies near Redwood City
In the Redwood City area, 25 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 134) and received an average PPP loan of $322,437 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Petting Club Inc
Emerald Hills, CA
Dynamicaction, Inc.
Redwood City, CA
Tangible Science, Inc.
Redwood City, CA
Joveo Inc
Redwood City, CA
Global Software Applications LLC
Laguna Beach, CA
Intelygenz Inc.
Redwood City, CA
Reveal Technology Inc.
Redwood City, CA
Innit, Inc.
Redwood City, CA
Assembly, Inc.
Redwood City, CA
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, 92% lower than Elacarte Inc.'s reported 134 employees, and received an average PPP loan of $200,633, 92% lower than this company's loan of $2.6M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!