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PPP Loan Data — Saim Abbasi, Richardson, TX

SBA PPP loan data, payroll data, and salaries for Saim Abbasi
TX

Saim Abbasi

Entity: Corporation

Industry: All Other Telecommunications

Location: Richardson, TX

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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 #4222688805

Loan Size:

$1,023

Jobs Retained:

1

Loan Approved:

2021-04-15

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.


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, 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

Saim Abbasi
Richardson, TX
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Telecommunications
NAICS code 517919

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: N

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-32

Businesses Using Same Address:

There are 3 other businesses that received a PPP loan registered to the same address as Saim Abbasi.

Uyen Nguyen
Nail Salons

$3,057 PPP Loan

Menghis Woldemichael
Taxi Service

$4,417 PPP Loan

Bealfan Haile
Custom Computer Programming Services

$7,729 PPP Loan

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).

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/saim-abbasi-richardson-tx