PPP Loan Data — Financial Software And Services Inc, Atlanta, GA
Financial Software And Services Inc is a corporation located at 3475 Piedmont Rd Ne Ste 450 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,077,977.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Financial Software And Services Inc in Atlanta, GA received a Paycheck Protection Loan of $2.08M through Bank of America, National Association, which was approved in May, 2020.
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, Financial Software And Services Inc's 2019 payroll expenses are estimated to be at least $9.97M.
Based on their reported 129 jobs retained, this equals an estimated average yearly compensation of $77,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Financial Software And Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,077,977
Business Information - Financial Software And Services Inc in Atlanta, GA
3475 Piedmont Rd Ne Ste 450
Atlanta, GA 30305
Office Administrative Services
NAICS code 561110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 24 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 129) and received an average PPP loan of $309,453 (compared to this company's $2.08M).
Similar Nearby Businesses Who Received PPP Funding:
Edwards Development Services
Beech Valley Solutions LLC
The Bolton Group, LLC
Centro Development Corporation
J. Addams & Partners, Inc
Self Storage Management, LLC
Fuqua Development, LP
Industry PPP Comparison Statistics
Nationwide, 44,947 businesses in the "Office Administrative Services" industry received a total of $2.36B 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 6 employees, 95% lower than Financial Software And Services Inc's reported 129 employees, and received an average PPP loan of $52,468, 97% lower than this company's loan of $2.08M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!