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PPP Loan Data — Intera Incorporated, Austin, TX

SBA PPP loan data, payroll data, and salaries for Intera Incorporated
TX

Intera Incorporated

Entity: Corporation

Industry: Remediation Services

Location: Austin, TX

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Intera Incorporated is a corporation located at 9600 Great Hills Trail, Suite 300w in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $3,212,440.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.21M

Jobs Retained:

178

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Intera Incorporated received a Paycheck Protection Loan of $3.21M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Intera Incorporated's total 2019 payroll expenses were approximately $15.42M in order to qualify for the PPP loan amount received.

Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $86,628 per employee1.

Because the loan received by Intera Incorporated 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 - Intera Incorporated in Austin, TX

Intera Incorporated
9600 Great Hills Trail, Suite 300w
Austin, TX 78759

Business Industry

Remediation Services (NAICS code 562910)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-10

Industry PPP Comparison Statistics

Nationwide, 2,317 businesses in the "Remediation Services" industry received a total of $566,106,367.00 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 17 employees, 90% lower than Intera Incorporated's reported 178 employees, and received an average PPP loan of $244,327, 92% lower than this company's loan of $3.21M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/intera-incorporated-austin-tx