PPP Loan Data — Saim Abbasi, Richardson, TX
Saim Abbasi is a corporation located in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $1,023.00 in April, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:FC Marketplace, LLC (dba Funding Circle)
Saim Abbasi in Richardson, TX received a Paycheck Protection Loan of $1,023 through FC Marketplace, LLC (dba Funding Circle), which was approved in April, 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.
Reported PPP Proceed Usage:
On the PPP application, Saim Abbasi reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,021
- Utilities: $1
Business Information - Saim Abbasi in Richardson, TX
* Full address is redacted to protect the privacy of individuals.
All Other Telecommunications
NAICS code 517919
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Saim Abbasi.
Custom Computer Programming Services
Similar Companies near Richardson
In the Richardson area, 19 businesses in the "All Other Telecommunications" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 1) and received an average PPP loan of $608,968 (compared to this company's $1,023).
Similar Nearby Businesses Who Received PPP Funding:
Ipacket Networks Texas LLC
Advantix Solutions Group, Inc
Cellhire USA, LLC
BA Telecommunications, Inc
Verveba Telecom LLC
Glow Networks Inc
Chinese New Media LLC
Industry PPP Comparison Statistics
Nationwide, 10,026 businesses in the "All Other Telecommunications" industry received a total of $906.17M 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 9 employees, 800% higher than Saim Abbasi's reported 1 employees, and received an average PPP loan of $90,382, 8735% higher than this company's loan of $1,023.
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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