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PPP Loan Data — Navya Network Inc,
Cambridge, MA
Navya Network Inc
Entity: Corporation
Industry: All Other Miscellaneous Ambulatory Health Care Services
Location: Cambridge, MA
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Navya Network Inc is a corporation located in Cambridge, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $18,732.00 in January, 2021.
The company has reported itself as an Asian owned business, and employed at least one person during the applicable loan loan period.
$
PPP Loan Information
Loan #7856818301
Loan Size:
Jobs Retained:
1Loan Approved:
2021-01-28Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationNavya Network Inc in Cambridge, MA received a Paycheck Protection Loan of $18,732 through Bank of America, National Association, which was approved in January, 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 November, 2021.
Reported PPP Proceed Usage:
On the PPP application, Navya Network Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,732
Business Information - Navya Network Inc in Cambridge, MA
Cambridge, MA
* Full address is redacted to protect the privacy of individuals.
Business Industry:
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Race: Asian
Ethnicity: Unreported
Gender: Unreported
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 Cambridge
In the Cambridge area, 5 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $24,413 (compared to this company's $18,732).
Similar Nearby Businesses Who Received PPP Funding:
Navigator Bio, LLC
Cambridge, MA
Susan Freedman, MD, LLC
Cambridge, MA
Cambridge Digestive Health PC
Cambridge, MA
Industry PPP Comparison Statistics
Nationwide, 18,445 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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 12 employees, 1100% higher than Navya Network Inc's reported 1 employees, and received an average PPP loan of $89,298, 377% higher than this company's loan of $18,732.
Navya Network Inc
Entity: Corporation
Industry: Custom Computer Programming Services
Location: Cambridge, MA
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Navya Network Inc is a corporation located at 1 108 Trowbridge St in Cambridge, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $18,732.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #1529407306
Loan Size:
Jobs Retained:
3Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationNavya Network Inc in Cambridge, MA received a Paycheck Protection Loan of $18,732 through Bank of America, 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 April, 2021.
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, Navya Network Inc's 2019 payroll expenses are estimated to be at least $89,914.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $29,971 per employee1
Reported PPP Proceed Usage:
On the PPP application, Navya Network Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,732
Business Information - Navya Network Inc in Cambridge, MA
1 108 Trowbridge St
Cambridge, MA 2138
Business Industry:
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Race: Asian
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Cambridge
In the Cambridge area, 41 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 3) and received an average PPP loan of $302,792 (compared to this company's $18,732).
Similar Nearby Businesses Who Received PPP Funding:
Cangrade, Inc
Cambridge, MA
Charles River Analytics Inc
Cambridge, MA
Volta Labs, Inc
Cambridge, MA
Corazon LLC
Cambridge, MA
Mobidrop Inc
Cambridge, MA
Baylibre Sas
Cambridge, MA
Jonathan A Rees
Cambridge, MA
Sea Pharmaceuticals, LLC
Cambridge, MA
Cocoon Biotech Inc
Cambridge, MA
Industry PPP Comparison Statistics
Nationwide, 42,869 businesses in the "Custom Computer Programming Services" industry received a total of $6.65B 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, 233% higher than Navya Network Inc's reported 3 employees, and received an average PPP loan of $155,041, 728% higher than this company's loan of $18,732.
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.
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