PPP Loan Data — Etrafficers, Inc, Orem, UT
Etrafficers, Inc is a subchapter s corporation located at 881 S Orem Blvd, Ste 1 in Orem, Utah that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Etrafficers, Inc in Orem, UT received a Paycheck Protection Loan of $46,300 through Zions Bank, A Division of, 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 April, 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, Etrafficers, Inc's 2019 payroll expenses are estimated to be at least $222,240.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,780 per employee1
Reported PPP Proceed Usage:
On the PPP application, Etrafficers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,300
Business Information - Etrafficers, Inc in Orem, UT
881 S Orem Blvd, Ste 1
Orem, UT 84058
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Orem
In the Orem area, 6 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 8) and received an average PPP loan of $44,829 (compared to this company's $46,300).
Similar Nearby Businesses Who Received PPP Funding:
Big Fat Design & Sign Inc
Iguana Technologies, LLC
DO Data LLC
Industry PPP Comparison Statistics
Nationwide, 31,382 businesses in the "Computer Systems Design Services" industry received a total of $4.35B 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, 25% higher than Etrafficers, Inc's reported 8 employees, and received an average PPP loan of $138,748, 200% higher than this company's loan of $46,300.
FederalPay's PPP Information Policy
Footnotes & Information
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