PPP Loan Data — Involta, LLC, Cedar Rapids, IA
Entity: Limited Liability Company (LLC)
Location: Cedar Rapids, IATweet This • Search All PPP Data
Involta, LLC is a limited liability company (LLC) located at 460 12th Ave Se in Cedar Rapids, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,959,600.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:BANKERS TRUST COMPANY
Involta, LLC in Cedar Rapids, IA received a Paycheck Protection Loan of $3.96M through BANKERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Involta, LLC's total 2019 payroll expenses were approximately $19.01M in order to qualify for the PPP loan amount received.
Unlike most businesses, Involta, 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 - Involta, LLC in Cedar Rapids, IA
460 12th Ave Se
Cedar Rapids, IA 52401
Other Scientific and Technical Consulting Services (NAICS code 541690)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-01
Similar Companies near Cedar Rapids
In the Cedar Rapids area, 2 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $1,986,154 (compared to this company's $3.96M).
Similar Nearby Businesses Who Received PPP Funding:
Optimized Scientific Solutions LLC
Cedar Rapids, IA
Industry PPP Comparison Statistics
Nationwide, 14,293 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $1,499,073,773.00 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 7 employees, and received an average PPP loan of $104,882, 97% lower than this company's loan of $3.96M.
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Footnotes & Information
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