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PPP Loan Data — Rahi Systems Inc,
Fremont, CA
Rahi Systems Inc
Entity: Corporation
Industry: Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
Location: Fremont, CA
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Rahi Systems Inc is a corporation located at 48303 Fremont Blvd in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as an Asian male owned business, and employed at least 237 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4425788408
Loan Size:
Jobs Retained:
237Loan Approved:
2021-02-06Loan Status:
Paid in Full or ForgivenLender:
Silicon Valley BankRahi Systems Inc in Fremont, CA received a Paycheck Protection Loan of $2M through Silicon Valley Bank, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.
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, Rahi Systems Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $40,506 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rahi Systems Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Rahi Systems Inc in Fremont, CA
48303 Fremont Blvd
Fremont, CA 94538
Business Industry:
Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
NAICS code 423430
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Fremont
In the Fremont area, 42 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 237) and received an average PPP loan of $478,173 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Atacom Inc
Fremont, CA
Inet Expert Inc
Fremont, CA
STI Certified Products Inc
Fremont, CA
Ehuman, Inc
Fremont, CA
Opensoft Services Inc
Fremont, CA
Synergy Global Technology Inc
Fremont, CA
ASI Computer Technologies Inc
Fremont, CA
Markvision Team
Fremont, CA
Quanta Computer USA Inc
Fremont, CA
Industry PPP Comparison Statistics
Nationwide, 4,420 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $692.18M 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 12 employees, 95% lower than Rahi Systems Inc's reported 237 employees, and received an average PPP loan of $156,601, 92% lower than this company's loan of $2M.
Rahi Systems Inc
Entity: Corporation
Industry: Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
Location: Fremont, CA
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Rahi Systems Inc is a corporation located at 48303 Fremont Blvd in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $4,325,362.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 225 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9564127100
Loan Size:
Jobs Retained:
225Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
WebBankRahi Systems Inc in Fremont, CA received a Paycheck Protection Loan of $4.33M through WebBank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
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, Rahi Systems Inc's 2019 payroll expenses are estimated to be at least $20.76M.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $92,274 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rahi Systems Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,325,362
Business Information - Rahi Systems Inc in Fremont, CA
48303 Fremont Blvd
Fremont, CA 94538
Business Industry:
Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
NAICS code 423430
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Fremont
In the Fremont area, 42 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 225) and received an average PPP loan of $478,173 (compared to this company's $4.33M).
Similar Nearby Businesses Who Received PPP Funding:
Atacom Inc
Fremont, CA
Inet Expert Inc
Fremont, CA
STI Certified Products Inc
Fremont, CA
Ehuman, Inc
Fremont, CA
Opensoft Services Inc
Fremont, CA
Synergy Global Technology Inc
Fremont, CA
ASI Computer Technologies Inc
Fremont, CA
Markvision Team
Fremont, CA
Quanta Computer USA Inc
Fremont, CA
Industry PPP Comparison Statistics
Nationwide, 4,420 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $692.18M 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 12 employees, 95% lower than Rahi Systems Inc's reported 225 employees, and received an average PPP loan of $156,601, 96% lower than this company's loan of $4.33M.
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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