PPP Loan Data — Maruthi Technologies LLC, Dallas, TX
Maruthi Technologies LLC is a limited liability company (LLC) located at 14911 Quorum Dr Ste 390 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,628,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BOKF, National Association
Maruthi Technologies LLC in Dallas, TX received a Paycheck Protection Loan of $1.63M through BOKF, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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, Maruthi Technologies LLC's 2019 payroll expenses are estimated to be at least $7.81M.
Based on their reported 85 jobs retained, this equals an estimated average yearly compensation of $91,934 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maruthi Technologies LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,628,000
Business Information - Maruthi Technologies LLC in Dallas, TX
14911 Quorum Dr Ste 390
Dallas, TX 75254
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 Dallas
In the Dallas area, 12 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 85) and received an average PPP loan of $230,848 (compared to this company's $1.63M).
Similar Nearby Businesses Who Received PPP Funding:
Trilogy Effective Software Solutions Inc
Harmonic Data Associates, Inc DBA Harmonic Data Software
Digital Taas LLC
Docent Systems LLC
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, 88% lower than Maruthi Technologies LLC's reported 85 employees, and received an average PPP loan of $138,748, 91% lower than this company's loan of $1.63M.
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Footnotes & Information
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