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PPP Loan Data — Native Data Inc,
New York, NY
Native Data Inc
Entity: Corporation
Industry: Software Publishers
Location: New York, NY
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Native Data Inc is a corporation located at 524 Broadway Fl 11 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $144,052.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
$
PPP Loan Information
Loan #2418328500
Loan Size:
Jobs Retained:
6Loan Approved:
2021-02-20Loan Status:
Paid in Full or ForgivenLender:
Heartland CUNative Data Inc in New York, NY received a Paycheck Protection Loan of $144,052 through Heartland CU, which was approved in February, 2021.
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 August, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 6 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 7. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Native Data Inc's 2019 payroll expenses are estimated to be at least $691,450 (not accounting for salary amounts > $100k).
Because the 6 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Native Data Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $144,052
Business Information - Native Data Inc in New York, NY
524 Broadway Fl 11
New York, NY 10012
Business Industry:
Software Publishers
NAICS code 511210
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 72 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 6) and received an average PPP loan of $235,363 (compared to this company's $144,052).
Similar Nearby Businesses Who Received PPP Funding:
Revercare, Inc
New York, NY
Sable Money Inc
New York, NY
Arthur Ai, Inc
New York, NY
Memcachier, Inc
New York, NY
One Earth Rising P.b.c
New York, NY
Pilot Inc
New York, NY
Spiritune Inc
New York, NY
Moka Analytics, LLC
New York, NY
TTG NY, LP
New York, NY
Industry PPP Comparison Statistics
Nationwide, 13,336 businesses in the "Software Publishers" industry received a total of $2.73B 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 13 employees, 117% higher than Native Data Inc's reported 6 employees, and received an average PPP loan of $204,544, 42% higher than this company's loan of $144,052.
Native Data, Inc
Entity: Corporation
Industry: Data Processing, Hosting, and Related Services
Location: New York, NY
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Native Data, Inc is a corporation located at 524 Broadway 11th Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $125,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
$
PPP Loan Information
Loan #7387937302
Loan Size:
Jobs Retained:
6Loan Approved:
2020-04-30Loan Status:
Ongoing LoanLender:
Heartland CUNative Data, Inc in New York, NY received a Paycheck Protection Loan of $125,200 through Heartland CU, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 6 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 6. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Native Data, Inc's 2019 payroll expenses are estimated to be at least $600,960 (not accounting for salary amounts > $100k).
Because the 6 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Native Data, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $125,200
Business Information - Native Data, Inc in New York, NY
524 Broadway 11th Floor
New York, NY 10012
Business Industry:
Data Processing, Hosting, and Related Services
NAICS code 518210
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 22 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 6) and received an average PPP loan of $444,749 (compared to this company's $125,200).
Similar Nearby Businesses Who Received PPP Funding:
Indicative Inc
New York, NY
Haaf Transcontinental
New York, NY
Datawallet Inc
New York, NY
Wit.com Inc
New York, NY
Interphase Communications Inc
New York, NY
Marquee Arts LLC
New York, NY
Illumis Inc
New York, NY
Open Finance, LLC
New York, NY
Conscious Content Media, Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 10,054 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1.51B 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 11 employees, 83% higher than Native Data, Inc's reported 6 employees, and received an average PPP loan of $149,750, 20% higher than this company's loan of $125,200.
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. Estimations for informational purposes only. 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.
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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