PPP Loan Data — Firefly It Services, Inc, Sacramento, CA
Firefly It Services, Inc is a subchapter s corporation located at 1731 Howe Ave #252 in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $46,513.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of the West
Firefly It Services, Inc in Sacramento, CA received a Paycheck Protection Loan of $46,513 through Bank of the West, 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 May, 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, Firefly It Services, Inc's 2019 payroll expenses are estimated to be at least $223,262.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,908 per employee1
Reported PPP Proceed Usage:
On the PPP application, Firefly It Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,513
Business Information - Firefly It Services, Inc in Sacramento, CA
1731 Howe Ave #252
Sacramento, CA 95825
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 4 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 8) and received an average PPP loan of $213,035 (compared to this company's $46,513).
Similar Nearby Businesses Who Received PPP Funding:
Sunshine Technology Solutions, Inc
Advanced Business Integrators, Inc
Capital Network Solution, Inc
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 Firefly It Services, Inc's reported 8 employees, and received an average PPP loan of $138,748, 198% higher than this company's loan of $46,513.
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Footnotes & Information
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