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PPP Loan Data — Infolob Solutions, Inc,
Irving, TX
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 Size:
Jobs Retained:
150Loan Approved:
2020-04-10Lender:
DOMINION BANKInfolob Solutions, Inc received a Paycheck Protection Loan of $3.11M through DOMINION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Infolob Solutions, Inc's total 2019 payroll expenses were approximately $14.91M in order to qualify for the PPP loan amount received.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $99,401 per employee1.
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 / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-24Similar Companies near Irving
In the Irving area, 28 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 150) and received an average PPP loan of $747,414 (compared to this company's $3.11M).
Similar Nearby Businesses Who Received PPP Funding:
Peritus Incorporated
Irving, TX
Comtec Consultants, Inc.
Irving, TX
Epace Technologies, Inc.
Irving, TX
Anveta, Inc.
Irving, TX
Intellect Business Solutions, LLC
Irving, TX
Lightbeam Health Solutions, Inc
Irving, TX
Arka Solutions Inc
Irving, TX
Techgene Solutions, LLC
Irving, TX
Vizion Interactive Incorporated
Irving, TX
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
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 $181,408, 94% 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.
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.
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