PPP Loan Data — Roy Michael Arnott II, Champaign, IL

Roy Michael Arnott II

Entity: Independent Contractor

Industry: Software Publishers

Location: Champaign, IL

Roy Michael Arnott II is an independent contractor located in Champaign, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,060.00 in April, 2021.

$ PPP Loan Information
Loan #9633918810

Loan Size:

$3,060

Jobs Retained:

Loan Approved:

2021-04-23

Loan Status:

Paid in Full or Forgiven

Lender:

Prospect Bank

Roy Michael Arnott II in Champaign, IL received a Paycheck Protection Loan of $3,060 through Prospect Bank, which was approved in April, 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 October, 2021.

PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Roy Michael Arnott II reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $3,060

Business Information - Roy Michael Arnott II in Champaign, IL

Roy Michael Arnott II
Champaign, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Software Publishers
NAICS code 511210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Champaign County, IL — SBA Office 0507 — Congressional District: IL-13

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Roy Michael Arnott II.

Bruce Stennis
Other Construction Material Merchant Wholesalers

$20,833 PPP Loan

Similar Companies near Champaign

In the Champaign area, 7 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 1) and received an average PPP loan of $1,017,764 (compared to this company's $3,060).

Similar Nearby Businesses Who Received PPP Funding:

Wolfram Research, Inc
Champaign, IL

$5.58M PPP Loan

Imec Technologies Inc
Champaign, IL

$37,255 PPP Loan

Scimonoce Software LLC
Champaign, IL

$4,787 PPP Loan

42 Lines Inc
Champaign, IL

$1.27M PPP Loan

Aqueous Solutions, LLC
Champaign, IL

$86,802 PPP Loan

Sourcegear, LLC
Champaign, IL

$150,644 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 13,334 businesses in the "Software Publishers" industry received a total of $2.73B 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 13 employees, 1200% higher than Roy Michael Arnott II's reported 1 employees, and received an average PPP loan of $204,573, 6585% higher than this company's loan of $3,060.

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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