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PPP Loan Data — Infolob Solutions Inc,
Irving, TX
Infolob Solutions Inc
Entity: Corporation
Industry: Custom Computer Programming Services
Location: Irving, TX
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Infolob Solutions Inc is a corporation located at 1193 W John Carpenter Fwy Ste 102 in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
The company has reported itself as an Asian male owned business, and employed at least 128 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9932948808
Loan Size:
Jobs Retained:
128Loan Approved:
2021-04-24Loan Status:
Paid in Full or ForgivenLender:
Dominion BankInfolob Solutions Inc in Irving, TX received a Paycheck Protection Loan of $2M through Dominion Bank, which was approved in April, 2021.
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 November, 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, Infolob Solutions Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 128 jobs retained, this equals an estimated average yearly compensation of $75,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Infolob Solutions Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Infolob Solutions Inc in Irving, TX
1193 W John Carpenter Fwy Ste 102
Irving, TX 75039
Business Industry:
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Race: Asian
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 Irving
In the Irving area, 125 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 128) and received an average PPP loan of $498,713 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
KC Synergy Solutions Inc
Irving, TX
I2 It Solutions Inc
Irving, TX
Newt Global Consulting LLC
Irving, TX
Saxon Global Inc
Irving, TX
Centaurus Technology Partners
Irving, TX
Cloudwaze. Inc
Irving, TX
Innovative Business Software Inc
Irving, TX
Pixentia Corporation
Irving, TX
Grenza Inc
Irving, TX
Industry PPP Comparison Statistics
Nationwide, 42,875 businesses in the "Custom Computer Programming Services" industry received a total of $6.65B 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, 92% lower than Infolob Solutions Inc's reported 128 employees, and received an average PPP loan of $155,111, 92% lower than this company's loan of $2M.
Infolob Solutions, Inc
Entity: Corporation
Industry: Computer Systems Design Services
Location: Irving, TX
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Infolob Solutions, Inc is a corporation located at 909 Lake Carolyn Pkwy, Suite 300 in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $3,106,285.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 150 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1854767106
Loan Size:
Jobs Retained:
150Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
Dominion BankInfolob Solutions, Inc in Irving, TX received a Paycheck Protection Loan of $3.11M through Dominion 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, Infolob Solutions, Inc's 2019 payroll expenses are estimated to be at least $14.91M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $99,401 per employee1
Reported PPP Proceed Usage:
On the PPP application, Infolob Solutions, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,329,714
- Utilities: $155,314
- Rent: $621,257
Business Information - Infolob Solutions, Inc in Irving, TX
909 Lake Carolyn Pkwy, Suite 300
Irving, TX 75039
Business Industry:
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Race: Asian
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 Irving
In the Irving area, 47 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 150) and received an average PPP loan of $539,910 (compared to this company's $3.11M).
Similar Nearby Businesses Who Received PPP Funding:
Kairos Technologiesinc
Irving, TX
Oberon It Inc
Irving, TX
Zenith Solutions Inc
Irving, TX
Server Management Services LLC
Irving, TX
Epic Avla LLC
Irving, TX
Anand Pag Inc
Irving, TX
Innicom LLC
Irving, TX
Techpro Inc
Irving, TX
Peritus Incorporated
Irving, TX
Industry PPP Comparison Statistics
Nationwide, 30,865 businesses in the "Computer Systems Design Services" industry received a total of $4.34B 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, 93% lower than Infolob Solutions, Inc's reported 150 employees, and received an average PPP loan of $140,681, 95% lower than this company's loan of $3.11M.
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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