PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — NIC Info Tek Inc, Temple Terrace, FL

SBA PPP loan data, payroll data, and salaries for NIC Info Tek Inc
FL

NIC Info Tek Inc

Entity: Corporation

Industry: Computer Systems Design Services

Location: Temple Terrace, FL

Search All PPP Data

NIC Info Tek Inc is a corporation located at 13324 Telecom Dr in Temple Terrace, Florida that received a Coronavirus-related PPP loan from the SBA of $2,547,882.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.55M

Jobs Retained:

132

Loan Approved:

2020-04-11

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

NIC Info Tek Inc in Temple Terrace, FL received a Paycheck Protection Loan of $2.55M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, NIC Info Tek Inc's total 2019 payroll expenses were approximately $12.23M in order to qualify for the PPP loan amount received.

Based on their reported 132 jobs retained, this equals an estimated average yearly compensation of $92,650 per employee1.

Because the loan received by NIC Info Tek Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - NIC Info Tek Inc in Temple Terrace, FL

NIC Info Tek Inc
13324 Telecom Dr
Temple Terrace, FL 33637

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-15

Similar Companies near Temple Terrace

In the Temple Terrace area, 7 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 132) and received an average PPP loan of $542,296 (compared to this company's $2.55M).

Industry PPP Comparison Statistics

Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 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 10 employees, 92% lower than NIC Info Tek Inc's reported 132 employees, and received an average PPP loan of $181,408, 93% lower than this company's loan of $2.55M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/nic-info-tek-inc-temple-terrace-fl