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PPP Loan Data — Sada Systems Inc,
North Hollywood, CA
Sada Systems Inc
Entity: Subchapter S Corporation
Industry: Custom Computer Programming Services
Location: North Hollywood, CA
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Sada Systems Inc is a subchapter s corporation located at 5250 Lankershim Blvd in North Hollywood, California that received a Coronavirus-related PPP loan from the SBA of $4,241,187.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 218 people during the applicable loan loan period.
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PPP Loan Information
Loan #8720287002
Loan Size:
Jobs Retained:
218Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
City National BankSada Systems Inc in North Hollywood, CA received a Paycheck Protection Loan of $4.24M through City National Bank, 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, 2023.
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, Sada Systems Inc's 2019 payroll expenses are estimated to be at least $20.36M.
Based on their reported 218 jobs retained, this equals an estimated average yearly compensation of $93,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sada Systems Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,940,829
- Utilities: $1,150
- Rent: $233,636
- Health Care: $65,572
Business Information - Sada Systems Inc in North Hollywood, CA
5250 Lankershim Blvd
North Hollywood, CA 91601
Business Industry:
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Race: Unreported
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: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as Sada Systems Inc.
Angelicreations Inc
Offices of Real Estate Agents and Brokers
Maya Bakshani
All Other Personal Services
Robert Meneshian
Insurance Agencies and Brokerages
Kimberly Anderson
Offices of Physicians, Mental Health Specialists
The Wow Factor Inc
Unclassified Establishments
Similar Companies near North Hollywood
In the North Hollywood area, 19 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 218) and received an average PPP loan of $290,301 (compared to this company's $4.24M).
Similar Nearby Businesses Who Received PPP Funding:
Draper Marketing
Studio City, CA
Chip Studio Inc
Los Angeles, CA
Fitzmaurice, Inc
Toluca Lake, CA
SCPxl LLC
North Hollywood, CA
Baby Steps Design Group Inc
Toluca Lake, CA
Steven Glen Drake
Toluca Lake, CA
Skye Oneil
N Hollywood, CA
Baby Steps Design Group Inc
North Hollywood, CA
Consejosano, Inc
North Hollywood, CA
Industry PPP Comparison Statistics
Nationwide, 42,869 businesses in the "Custom Computer Programming Services" industry received a total of $6.65B 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, 95% lower than Sada Systems Inc's reported 218 employees, and received an average PPP loan of $155,054, 96% lower than this company's loan of $4.24M.
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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