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PPP Loan Data — Frost & Sullivan,
San Antonio, TX
Frost & Sullivan
Entity: Corporation
Industry: Marketing Consulting Services
Location: San Antonio, TX
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Frost & Sullivan is a corporation located at 7705 Ih-10 West Suite 400 in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
The company has reported itself as a White male owned business, and employed at least 240 people during the applicable loan loan period.
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PPP Loan Information
Loan #3735598705
Loan Size:
Jobs Retained:
240Loan Approved:
2021-03-31Loan Status:
Ongoing LoanLender:
Loan Source IncorporatedFrost & Sullivan in San Antonio, TX received a Paycheck Protection Loan of $2M through Loan Source Incorporated, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Frost & Sullivan's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Frost & Sullivan reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,999
Business Information - Frost & Sullivan in San Antonio, TX
7705 Ih-10 West Suite 400
San Antonio, TX 78229
Business Industry:
Marketing Consulting Services
NAICS code 541613
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Antonio
In the San Antonio area, 17 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 240) and received an average PPP loan of $140,221 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Revvix LLC
San Antonio, TX
Alisa Baron
San Antonio, TX
Jessica Cerda
San Antonio, TX
Sara J Smith
San Antonio, TX
Romelette Metz
San Antonio, TX
Erica Benavides
San Antonio, TX
281 Solutions, Inc
San Antonio, TX
Multidiscipline Marketing Spec
San Antonio, TX
Industry PPP Comparison Statistics
Nationwide, 83,272 businesses in the "Marketing Consulting Services" industry received a total of $3.37B 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 3 employees, 99% lower than Frost & Sullivan's reported 240 employees, and received an average PPP loan of $40,522, 98% lower than this company's loan of $2M.
Frost & Sullivan
Entity: Corporation
Industry: Research and Development in the Social Sciences and Humanities
Location: San Antonio, TX
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Frost & Sullivan is a corporation located at 7550 Ih 10 West Suite 400 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 #5109677210
Loan Size:
Jobs Retained:
251Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
Peapack-Gladstone BankFrost & Sullivan in San Antonio, TX received a Paycheck Protection Loan of $5.19M through Peapack-Gladstone Bank, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Frost & Sullivan's 2019 payroll expenses are estimated to be at least $24.89M.
Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $99,157 per employee1
Reported PPP Proceed Usage:
On the PPP application, Frost & Sullivan reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,185,100
Business Information - Frost & Sullivan in San Antonio, TX
7550 Ih 10 West Suite 400
San Antonio, TX 78229
Business Industry:
Research and Development in the Social Sciences and Humanities
NAICS code 541720
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age:
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Antonio
In the San Antonio area, 2 businesses in the "Research and Development in the Social Sciences and Humanities" industry received a PPP loan. These local businesses reported an average of 126 employees (compared to this company's 251) and received an average PPP loan of $2,602,967 (compared to this company's $5.19M).
Similar Nearby Businesses Who Received PPP Funding:
Inspire Healthcare Group LLC
San Antonio, TX
Industry PPP Comparison Statistics
Nationwide, 2,669 businesses in the "Research and Development in the Social Sciences and Humanities" industry received a total of $409.44M 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 13 employees, 95% lower than Frost & Sullivan's reported 251 employees, and received an average PPP loan of $153,406, 97% 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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
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