PPP Loan Data — Santa Rosa Consulting, Inc., Franklin, TN
Santa Rosa Consulting, Inc. is a corporation located at 2555 Meridian Drive, Ste 250 in Franklin, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,950,000.00 in August, 2020.
$ PPP Loan Information
Lender:IDAHO FIRST BANK
Santa Rosa Consulting, Inc. received a Paycheck Protection Loan of $2.95M through IDAHO FIRST BANK, which was approved in August, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 110 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 142.
Based on standard PPP eligibility rules, Santa Rosa Consulting, Inc.'s total 2019 payroll expenses were approximately $14.16M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 110 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Santa Rosa Consulting, Inc. in Franklin, TN
2555 Meridian Drive, Ste 250
Franklin, TN 37067
Data Processing, Hosting, and Related Services (NAICS code 518210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-07
Similar Companies near Franklin
In the Franklin area, 6 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 110) and received an average PPP loan of $591,325 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
David Benenson DBA None
Data Intelligence Group, LLC
Unified Payments Group LLC
Data Marshalls Inc
Genisys Group Inc
Industry PPP Comparison Statistics
Nationwide, 5,879 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1,161,307,675.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 89% lower than Santa Rosa Consulting, Inc.'s reported 110 employees, and received an average PPP loan of $197,535, 93% lower than this company's loan of $2.95M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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