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PPP Loan Data — Photon Infotech Inc,
San Jose, CA
Photon Infotech Inc
Entity: Corporation
Industry: Custom Computer Programming Services
Location: San Jose, CA
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Photon Infotech Inc is a corporation located at 100 Century Center Ct Ste 502 in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $7,110,345.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
355Loan Approved:
2020-04-30Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONPhoton Infotech Inc in San Jose, CA received a Paycheck Protection Loan of $7.11M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Photon Infotech Inc's total 2019 payroll expenses were approximately $34.13M in order to qualify for the PPP loan amount received.
Based on their reported 355 jobs retained, this equals an estimated average yearly compensation of $96,140 per employee1.
Business Information - Photon Infotech Inc in San Jose, CA
100 Century Center Ct Ste 502
San Jose, CA 95112
Business Industry
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-19Similar Companies near San Jose
In the San Jose area, 26 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 355) and received an average PPP loan of $584,947 (compared to this company's $7.11M).
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Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 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 11 employees, 97% lower than Photon Infotech Inc's reported 355 employees, and received an average PPP loan of $200,633, 97% lower than this company's loan of $7.11M.
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.
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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