PPP Loan Data — Objectwin Technology Inc, Houston, TX
Objectwin Technology Inc is a corporation located at 19219 Katy Freeway Suite 275 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,230,200.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 256 people during the applicable loan loan period.
$ PPP Loan Information
Objectwin Technology Inc received a Paycheck Protection Loan of $3.23M through WALLIS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Objectwin Technology Inc's total 2019 payroll expenses were approximately $15.5M in order to qualify for the PPP loan amount received.
Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $60,566 per employee1.
Business Information - Objectwin Technology Inc in Houston, TX
19219 Katy Freeway Suite 275
Houston, TX 77094
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-07
Similar Companies near Houston
In the Houston area, 6 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 256) and received an average PPP loan of $557,462 (compared to this company's $3.23M).
Similar Nearby Businesses Who Received PPP Funding:
Computer Art, Inc.
Cogit Systems Inc
Amagine Technologies LLC
Michael G. Harris
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, 96% lower than Objectwin Technology Inc's reported 256 employees, and received an average PPP loan of $181,408, 94% lower than this company's loan of $3.23M.
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.
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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