PPP Loan Data — Inviso Corporation, Bellevue, WA
Inviso Corporation is a subchapter s corporation located at 3075 112th Ave Ne Ste 200 in Bellevue, Washington that received a Coronavirus-related PPP loan from the SBA of $2,009,238.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Inviso Corporation in Bellevue, WA received a Paycheck Protection Loan of $2.01M through Banner Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Inviso Corporation's 2019 payroll expenses are estimated to be at least $9.64M.
Based on their reported 115 jobs retained, this equals an estimated average yearly compensation of $83,864 per employee1
Reported PPP Proceed Usage:
On the PPP application, Inviso Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,908,777
- Rent: $100,462
Business Information - Inviso Corporation in Bellevue, WA
3075 112th Ave Ne Ste 200
Bellevue, WA 98004
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bellevue
In the Bellevue area, 42 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 115) and received an average PPP loan of $226,008 (compared to this company's $2.01M).
Similar Nearby Businesses Who Received PPP Funding:
9 Dozen Ml Inc
Warner Marketing Inc
Expect Success, Inc
Karma Consulting Inc
Avidian Technologies Inc
Blue Feather LLC
Federal Way, WA
Industry PPP Comparison Statistics
Nationwide, 31,382 businesses in the "Computer Systems Design Services" industry received a total of $4.35B 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, 91% lower than Inviso Corporation's reported 115 employees, and received an average PPP loan of $138,748, 93% lower than this company's loan of $2.01M.
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Footnotes & Information
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