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PPP Loan Data — Object Computing Inc,
Saint Louis, MO
Object Computing Inc
Entity: Corporation
Industry: Custom Computer Programming Services
Location: Saint Louis, MO
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Object Computing Inc is a corporation located at 12140 Woodcrest Executive Dr Ste 300 in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
$
PPP Loan Information
Loan #3952678309
Loan Size:
Jobs Retained:
124Loan Approved:
2021-01-22Loan Status:
Ongoing LoanLender:
American Bank of MissouriObject Computing Inc in Saint Louis, MO received a Paycheck Protection Loan of $2M through American Bank of Missouri, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Object Computing Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 124 jobs retained, this equals an estimated average yearly compensation of $77,419 per employee1
Reported PPP Proceed Usage:
On the PPP application, Object Computing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Object Computing Inc in Saint Louis, MO
12140 Woodcrest Executive Dr Ste 300
Saint Louis, MO 63141
Business Industry:
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Race: Unreported
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 Saint Louis
In the Saint Louis area, 15 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 124) and received an average PPP loan of $415,848 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Rolling Rock Ventures LLC
St. Louis, MO
The Foundry Software Development Company
Saint Louis, MO
Sullivan Management, LLC
Saint Louis, MO
Monarch Information Technology Consultants Inc
Creve Coeur, MO
Microbalt International Inc
Saint Louis, MO
CDM Associates LLC
Saint Louis, MO
The Foundry Software Development Company
Saint Louis, MO
Talonpro LLC
Saint Louis, MO
Industry PPP Comparison Statistics
Nationwide, 38,818 businesses in the "Custom Computer Programming Services" industry received a total of $6.47B 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, 91% lower than Object Computing Inc's reported 124 employees, and received an average PPP loan of $166,591, 92% lower than this company's loan of $2M.
Object Computing, Inc
Entity: Corporation
Industry: Other Computer Related Services
Location: Saint Louis, MO
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Object Computing, Inc is a corporation located at 12140 Woodcrest Executive Dr., Suite 300 in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,779,800.00 in April, 2020.
$
PPP Loan Information
Loan #3793247206
Loan Size:
Jobs Retained:
138Loan Approved:
2020-04-27Loan Status:
Ongoing LoanLender:
American Bank of MissouriObject Computing, Inc in Saint Louis, MO received a Paycheck Protection Loan of $2.78M through American Bank of Missouri, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Object Computing, Inc's 2019 payroll expenses are estimated to be at least $13.34M.
Based on their reported 138 jobs retained, this equals an estimated average yearly compensation of $96,689 per employee1
Reported PPP Proceed Usage:
On the PPP application, Object Computing, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,779,800
Business Information - Object Computing, Inc in Saint Louis, MO
12140 Woodcrest Executive Dr., Suite 300
Saint Louis, MO 63141
Business Industry:
Other Computer Related Services
NAICS code 541519
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Saint Louis
In the Saint Louis area, 9 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 138) and received an average PPP loan of $1,375,457 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Resource America Information Technology, Inc
Creve Coeur, MO
Bergman Consulting Services LLC
Creve Coeur, MO
Model Technology Solutions LLC
Saint Louis, MO
Navvis & Company LLC
St Louis, MO
Touchstone Technologies Inc
Saint Louis, MO
Touchstone Technologies, Incorporated
Saint Louis, MO
Bradford And Galt, Inc
Saint Louis, MO
Mitchell Humphrey & Co
St. Louis, MO
Industry PPP Comparison Statistics
Nationwide, 21,393 businesses in the "Other Computer Related Services" industry received a total of $3B 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, 93% lower than Object Computing, Inc's reported 138 employees, and received an average PPP loan of $140,288, 95% lower than this company's loan of $2.78M.
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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