PPP Loan Data — Navatek Cfd Technologies, Honolulu, HI
Navatek Cfd Technologies
Entity: Limited Liability Company (LLC)
Industry: Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
Location: Honolulu, HITweet This • Search All PPP Data
Navatek Cfd Technologies is a limited liability company (LLC) located at 841 Bishop St Ste 1110 in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $2,841,490.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:LendingClub Bank, National Association
Navatek Cfd Technologies in Honolulu, HI received a Paycheck Protection Loan of $2.84M through LendingClub Bank, National Association, which was approved in April, 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, Navatek Cfd Technologies' 2019 payroll expenses are estimated to be at least $13.64M.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $97,423 per employee1
Reported PPP Proceed Usage:
On the PPP application, Navatek Cfd Technologies reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,841,490
Business Information - Navatek Cfd Technologies in Honolulu, HI
841 Bishop St Ste 1110
Honolulu, HI 96813
Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
NAICS code 541715
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Honolulu
In the Honolulu area, 2 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a PPP loan. These local businesses reported an average of 71 employees (compared to this company's 140) and received an average PPP loan of $1,431,145 (compared to this company's $2.84M).
Similar Nearby Businesses Who Received PPP Funding:
Okuno Hawaii LLC
Industry PPP Comparison Statistics
Nationwide, 4,934 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a total of $828.3M 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, 92% lower than Navatek Cfd Technologies' reported 140 employees, and received an average PPP loan of $167,876, 94% lower than this company's loan of $2.84M.
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Footnotes & Information
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