PPP Loan Data — Isis It, Inc, Carrboro, NC
Isis It, Inc is a corporation located at 209 Lloyd Street, Suite 210 in Carrboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,065.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Isis It, Inc in Carrboro, NC received a Paycheck Protection Loan of $25,065 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 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, Isis It, Inc's 2019 payroll expenses are estimated to be at least $120,312.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,078 per employee1
Reported PPP Proceed Usage:
On the PPP application, Isis It, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,065
Business Information - Isis It, Inc in Carrboro, NC
209 Lloyd Street, Suite 210
Carrboro, NC 27510
Computer Facilities Management Services
NAICS code 541513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Carrboro
In the Carrboro area, 3 businesses in the "Computer Facilities Management Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $42,415 (compared to this company's $25,065).
Similar Nearby Businesses Who Received PPP Funding:
Surazal Systems Inc
Archer Data Systems Inc
Industry PPP Comparison Statistics
Nationwide, 3,511 businesses in the "Computer Facilities Management Services" industry received a total of $425.97M 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 9 employees, 125% higher than Isis It, Inc's reported 4 employees, and received an average PPP loan of $121,326, 384% higher than this company's loan of $25,065.
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Footnotes & Information
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