PPP Loan Data — Nemo It Solutions Inc, Richardson, TX
Nemo It Solutions Inc is a subchapter s corporation located at 801 E Campbell Rd in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $3,662,274.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 203 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TEXAS BANK AND TRUST COMPANY
Nemo It Solutions Inc in Richardson, TX received a Paycheck Protection Loan of $3.66M through TEXAS BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nemo It Solutions Inc's total 2019 payroll expenses were approximately $17.58M in order to qualify for the PPP loan amount received.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $86,596 per employee1.
Business Information - Nemo It Solutions Inc in Richardson, TX
Industry PPP Comparison Statistics
Nationwide, 5,156,850 businesses in the "" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 95% lower than Nemo It Solutions Inc's reported 203 employees, and received an average PPP loan of $101,409, 97% lower than this company's loan of $3.66M.
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Footnotes & Information
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