PPP Loan Data — Prelude Dynamics, LLC, Austin, TX
Prelude Dynamics, LLC is a limited liability company (LLC) located at 3906 Menchaca Rd in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $302,600.00 in April, 2020.
$ PPP Loan Information
Prelude Dynamics, LLC received a Paycheck Protection Loan of $302,600 through INDEPENDENT BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Prelude Dynamics, LLC's total 2019 payroll expenses were approximately $1.45M in order to qualify for the PPP loan amount received.
Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $80,693 per employee1.
Business Information - Prelude Dynamics, LLC in Austin, TX
3906 Menchaca Rd
Austin, TX 78704
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-21
Similar Companies near Austin
In the Austin area, 31 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 18) and received an average PPP loan of $342,341 (compared to this company's $302,600).
Similar Nearby Businesses Who Received PPP Funding:
Covidi Consulting LLC
Deep Craft Design
Working Against Gravity Us, LLC
Tasktop Technologies Us Incorporated
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, 39% lower than Prelude Dynamics, LLC's reported 18 employees, and received an average PPP loan of $200,633, 34% lower than this company's loan of $302,600.
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. 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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