PPP Loan Data — Sabalcore Computing Inc, Orlando, FL
Sabalcore Computing Inc
Entity: Subchapter S Corporation
Location: Orlando, FLTweet This • Search All PPP Data
Sabalcore Computing Inc is a subchapter s corporation located at 3505 Lake Lynda Drive in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $24,840.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Celtic Bank Corporation
Sabalcore Computing Inc in Orlando, FL received a Paycheck Protection Loan of $24,840 through Celtic Bank Corporation, 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, Sabalcore Computing Inc's 2019 payroll expenses are estimated to be at least $119,232.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,616 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sabalcore Computing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,840
Business Information - Sabalcore Computing Inc in Orlando, FL
3505 Lake Lynda Drive
Orlando, FL 32817
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 54 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 2) and received an average PPP loan of $114,231 (compared to this company's $24,840).
Similar Nearby Businesses Who Received PPP Funding:
Engineering & Computer Simulations
Ketzaira Cepeda Carrasquillo
Sparks And Company LLC
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than Sabalcore Computing Inc's reported 2 employees, and received an average PPP loan of $57,091, 130% higher than this company's loan of $24,840.
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Footnotes & Information
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