PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Folience Inc, Cedar Rapids, IA

SBA PPP loan data, payroll data, and salaries for Folience Inc

Folience Inc

Entity: Subchapter S Corporation

Industry: Corporate, Subsidiary, and Regional Managing Offices

Location: Cedar Rapids, IA

Search All PPP Data

Folience Inc is a subchapter s corporation located at 230 2nd St Se in Cedar Rapids, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,878,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Folience Inc in Cedar Rapids, IA received a Paycheck Protection Loan of $2.88M through CEDAR RAPIDS BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Folience Inc's total 2019 payroll expenses were approximately $13.82M in order to qualify for the PPP loan amount received.

Based on their reported 236 jobs retained, this equals an estimated average yearly compensation of $58,552 per employee1.

Because the loan received by Folience Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Folience Inc in Cedar Rapids, IA

Folience Inc
230 2nd St Se
Cedar Rapids, IA 52401

Business Industry

Corporate, Subsidiary, and Regional Managing Offices (NAICS code 551114)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IA-01

Industry PPP Comparison Statistics

Nationwide, 1,588 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $300,626,226.00 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 17 employees, 93% lower than Folience Inc's reported 236 employees, and received an average PPP loan of $189,311, 93% lower than this company's loan of $2.88M.

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.

Search FederalPay's Full PPP Loan Database

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's open data tools been valuable? Consider donating!

** This Document Provided By - The Civil Employee's Resource **