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PPP Loan Data — NOU Systems Inc., Huntsville, AL

SBA PPP loan data, payroll data, and salaries for NOU Systems Inc.
AL

NOU Systems Inc.

Entity: Corporation

Industry: Engineering Services

Location: Huntsville, AL

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NOU Systems Inc. is a corporation located at 117 Lake Pointe Cir in Huntsville, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,687,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.69M

Jobs Retained:

163

Loan Approved:

2020-04-05

Lender:

SERVISFIRST BANK

NOU Systems Inc. in Huntsville, AL received a Paycheck Protection Loan of $2.69M through SERVISFIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, NOU Systems Inc.'s total 2019 payroll expenses were approximately $12.9M in order to qualify for the PPP loan amount received.

Based on their reported 163 jobs retained, this equals an estimated average yearly compensation of $79,141 per employee1.

Because the loan received by NOU Systems 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 - NOU Systems Inc. in Huntsville, AL

NOU Systems Inc.
117 Lake Pointe Cir
Huntsville, AL 35824

Business Industry

Engineering Services (NAICS code 541330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AL-05

Similar Companies near Huntsville

In the Huntsville area, 3 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 163) and received an average PPP loan of $1,104,284 (compared to this company's $2.69M).

Industry PPP Comparison Statistics

Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 91% lower than NOU Systems Inc.'s reported 163 employees, and received an average PPP loan of $249,856, 91% lower than this company's loan of $2.69M.

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.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/nou-systems-inc-huntsville-al