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

PPP Loan Data — Frost & Sullivan, San Antonio, TX

SBA PPP loan data, payroll data, and salaries for Frost & Sullivan
TX

Frost & Sullivan

Entity: Corporation

Industry: Research and Development in the Social Sciences and Humanities

Location: San Antonio, TX

Search All PPP Data

Frost & Sullivan is a corporation located at 7550 Ih 10 West in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $5,185,100.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 251 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.19M

Jobs Retained:

251

Loan Approved:

2020-04-27

Lender:

PEAPACK-GLADSTONE BANK

Frost & Sullivan received a Paycheck Protection Loan of $5.19M through PEAPACK-GLADSTONE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Frost & Sullivan's total 2019 payroll expenses were approximately $24.89M in order to qualify for the PPP loan amount received.

Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $99,157 per employee1.

Because the loan received by Frost & Sullivan 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 - Frost & Sullivan in San Antonio, TX

Frost & Sullivan
7550 Ih 10 West
San Antonio, TX 78229

Business Industry

Research and Development in the Social Sciences and Humanities (NAICS code 541720)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: TX-20

Industry PPP Comparison Statistics

Nationwide, 1,676 businesses in the "Research and Development in the Social Sciences and Humanities" industry received a total of $312,582,454.00 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 12 employees, 95% lower than Frost & Sullivan's reported 251 employees, and received an average PPP loan of $186,505, 96% lower than this company's loan of $5.19M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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 FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/frost-and-sullivan-san-antonio-tx