PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Reliant Infotech Inc, Plano, TX

ALERT: There are 2 PPP loans for a total of $488,510 in our database for businesses with the name "Reliant Infotech Inc" in Plano, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Reliant Infotech Inc
TX

Reliant Infotech Inc

Entity: Corporation

Industry: Custom Computer Programming Services

Location: Plano, TX

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Reliant Infotech Inc is a corporation located at 4528 Kentucky Dr in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $244,255.00 in March, 2021.

The company has reported itself as an Asian male owned business, and employed at least eight people during the applicable loan loan period.

$ PPP Loan Information
Loan #2460568604

Loan Size:

$244,255

Jobs Retained:

8

Loan Approved:

2021-03-15

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association
Likely Employment Reduction3

Reliant Infotech Inc in Plano, TX received a Paycheck Protection Loan of $244,255 through Bank of America, National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 8 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 12. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

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 More
Understanding 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 More

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, Reliant Infotech Inc's 2019 payroll expenses are estimated to be at least $1.17M (not accounting for salary amounts > $100k).

Because the 8 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Reliant Infotech Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $244,254

Business Information - Reliant Infotech Inc in Plano, TX

Reliant Infotech Inc
4528 Kentucky Dr
Plano, TX 75024

Business Industry:
Custom Computer Programming Services
NAICS code 541511

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

Collin County, TX — SBA Office 0610 — Congressional District: TX-03

Similar Companies near Plano

In the Plano area, 105 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 8) and received an average PPP loan of $198,587 (compared to this company's $244,255).

Industry PPP Comparison Statistics

Nationwide, 43,326 businesses in the "Custom Computer Programming Services" industry received a total of $6.67B 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, 25% higher than Reliant Infotech Inc's reported 8 employees, and received an average PPP loan of $153,857, 37% lower than this company's loan of $244,255.

SBA PPP loan data, payroll data, and salaries for Reliant Infotech Inc
TX

Reliant Infotech Inc

Entity: Corporation

Industry: Computer Systems Design Services

Location: Plano, TX

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Reliant Infotech Inc is a corporation located at 7800 Preston Rd Ste 114 in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $244,255.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least thirteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #7463217301

Loan Size:

$244,255

Jobs Retained:

13

Loan Approved:

2020-04-30

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Reliant Infotech Inc in Plano, TX received a Paycheck Protection Loan of $244,255 through Bank of America, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, Reliant Infotech Inc's 2019 payroll expenses are estimated to be at least $1.17M.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $90,186 per employee1

Reported PPP Proceed Usage:

On the PPP application, Reliant Infotech Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $244,255

Business Information - Reliant Infotech Inc in Plano, TX

Reliant Infotech Inc
7800 Preston Rd Ste 114
Plano, TX 75024

Business Industry:
Computer Systems Design Services
NAICS code 541512

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

Collin County, TX — SBA Office 0610 — Congressional District: TX-03

Similar Companies near Plano

In the Plano area, 74 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 13) and received an average PPP loan of $167,821 (compared to this company's $244,255).

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, 23% lower than Reliant Infotech Inc's reported 13 employees, and received an average PPP loan of $138,748, 43% lower than this company's loan of $244,255.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/reliant-infotech-inc-plano-tx