PPP Loan Data — Rajant Corporation, Malvern, PA
Rajant Corporation is a corporation located at 200 Chesterfield Pkwy in Malvern, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,133,307.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Rajant Corporation in Malvern, PA received a Paycheck Protection Loan of $2.13M through Bank of America, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Rajant Corporation's 2019 payroll expenses are estimated to be at least $10.24M.
Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $81,919 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rajant Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,133,307
Business Information - Rajant Corporation in Malvern, PA
200 Chesterfield Pkwy
Malvern, PA 19355
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Malvern
In the Malvern area, 18 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 125) and received an average PPP loan of $448,630 (compared to this company's $2.13M).
Similar Nearby Businesses Who Received PPP Funding:
Natjo Tech Corp
Infinity And Beyond Corporation
KD Technology Services Inc
Objective Integrity Inc
Bernard Amiel Harris MD LLC
Industry PPP Comparison Statistics
Nationwide, 31,382 businesses in the "Computer Systems Design Services" industry received a total of $4.35B 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, 92% lower than Rajant Corporation's reported 125 employees, and received an average PPP loan of $138,748, 93% lower than this company's loan of $2.13M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!