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PPP Loan Data — Minmax Technologies Inc,
Dallas, TX
Minmax Technologies Inc
Entity: Corporation
Industry: Custom Computer Programming Services
Location: Dallas, TX
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Minmax Technologies Inc is a corporation located at 15950 Dallas Pkwy Ste 400 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $93,589.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
6Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONMinmax Technologies Inc received a Paycheck Protection Loan of $93,589 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Minmax Technologies Inc's total 2019 payroll expenses were approximately $449,227 in order to qualify for the PPP loan amount received.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $74,871 per employee1.
Business Information - Minmax Technologies Inc in Dallas, TX
15950 Dallas Pkwy Ste 400
Dallas, TX 75248
Business Industry
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-24Similar Companies near Dallas
In the Dallas area, 10 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 6) and received an average PPP loan of $858,961 (compared to this company's $93,589).
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Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 83% higher than Minmax Technologies Inc's reported 6 employees, and received an average PPP loan of $200,633, 114% higher than this company's loan of $93,589.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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