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PPP Loan Data — Innovative Intelligent Solutions, LLC,
Plano, TX
Innovative Intelligent Solutions, LLC
Entity: Limited Liability Company (LLC)
Industry: Other Management Consulting Services
Location: Plano, TX
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Innovative Intelligent Solutions, LLC is a limited liability company (LLC) located at 2419 Coit Rd in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $2,510,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-14Lender:
SEACOAST NATIONAL BANKInnovative Intelligent Solutions, LLC received a Paycheck Protection Loan of $2.51M through SEACOAST NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Innovative Intelligent Solutions, LLC's total 2019 payroll expenses were approximately $12.05M in order to qualify for the PPP loan amount received.
Unlike most businesses, Innovative Intelligent Solutions, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Innovative Intelligent Solutions, LLC in Plano, TX
2419 Coit Rd
Plano, TX 75075
Business Industry
Other Management Consulting Services (NAICS code 541618)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-03Similar Companies near Plano
In the Plano area, 21 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 0) and received an average PPP loan of $158,420 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
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Retri Consulting
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F & B Concepts
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Shunail Enterprises Inc
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Jordan & Associates, Inc
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Wayne Kuhn Business Ventures, LLC
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Fusion Family Consulting PLLC
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Luke Enterprises, LLC
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Industry PPP Comparison Statistics
Nationwide, 45,812 businesses in the "Other Management Consulting Services" industry received a total of $2,639,462,577.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, and received an average PPP loan of $57,615, 98% lower than this company's loan of $2.51M.
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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