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PPP Loan Data — Script2It Inc,
Rockville, MD
Script2It Inc
Entity: Corporation
Industry: Computer Facilities Management Services
Location: Rockville, MD
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Script2It Inc is a corporation located at 2275 Research Blvd Ste 500 in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $93,210.00 in February, 2021.
$
PPP Loan Information
Loan #1660168406
Loan Size:
Jobs Retained:
9Loan Approved:
2021-02-02Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationScript2It Inc in Rockville, MD received a Paycheck Protection Loan of $93,210 through Bank of America, National Association, which was approved in February, 2021.
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 September, 2021.
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, Script2It Inc's 2019 payroll expenses are estimated to be at least $447,408.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $49,712 per employee1
Reported PPP Proceed Usage:
On the PPP application, Script2It Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $93,206
- Utilities: $1
Business Information - Script2It Inc in Rockville, MD
2275 Research Blvd Ste 500
Rockville, MD 20850
Business Industry:
Computer Facilities Management Services
NAICS code 541513
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
Businesses Using Same Address:
There are 9 other businesses that received a PPP loan registered to the same address as Script2It Inc.
Outsourced2Us LLC
Employment Placement Agencies
Uptown Law LLC
Offices of Lawyers
David Dipaola
Engineering Services
Weaver Law LLC
Offices of Lawyers
Daniel Altmire
Insurance Agencies and Brokerages
The Spencer Firm LLC
Offices of Lawyers
Insiders Edge LLC
Internet Publishing and Broadcasting and Web Search Portals
Montgomery Premier Insurance LLC
Insurance Agencies and Brokerages
Bay Telephone Systems Inc
Electrical Contractors and Other Wiring Installation Contractors
Similar Companies near Rockville
In the Rockville area, 8 businesses in the "Computer Facilities Management Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 9) and received an average PPP loan of $120,307 (compared to this company's $93,210).
Similar Nearby Businesses Who Received PPP Funding:
P2T Inc
Rockville, MD
Salvador Cuellar
Rockville, MD
Optimal Networks, Inc
Rockville, MD
George A. Englund
Rockville, MD
Spectrum International, Incorporated
Rockville, MD
Solomon Adegbokun
Rockville, MD
Robust Solutions LLC
Rockville, MD
Industry PPP Comparison Statistics
Nationwide, 3,454 businesses in the "Computer Facilities Management Services" industry received a total of $424.06M 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, the same amount reported by Script2It Inc and received an average PPP loan of $122,773, 32% higher than this company's loan of $93,210.
Script2It Inc
Entity: Corporation
Industry: Computer Systems Design Services
Location: Rockville, MD
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Script2It Inc is a corporation located at 2275 Research Blvd 2275 Research Blvd Ste 500 in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $93,208.00 in May, 2020.
$
PPP Loan Information
Loan #4581357403
Loan Size:
Jobs Retained:
5Loan Approved:
2020-05-10Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationScript2It Inc in Rockville, MD received a Paycheck Protection Loan of $93,208 through Bank of America, National Association, which was approved in May, 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 April, 2021.
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, Script2It Inc's 2019 payroll expenses are estimated to be at least $447,398.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $89,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Script2It Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $93,208
Business Information - Script2It Inc in Rockville, MD
2275 Research Blvd 2275 Research Blvd Ste 500
Rockville, MD 20850
Business Industry:
Computer Systems Design Services
NAICS code 541512
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
Similar Companies near Rockville
In the Rockville area, 42 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 5) and received an average PPP loan of $362,670 (compared to this company's $93,208).
Similar Nearby Businesses Who Received PPP Funding:
New Future Technology,LLC
Rockville, MD
Computer Network Architects, Inc
Rockville, MD
Aitheras LLC
Rockville, MD
Endace USA Limited
Rockville, MD
Esac Inc
Rockville, MD
Intellectix Corporation
Rockville, MD
Ctis, Inc
Rockville, MD
Ivory Cloud LLC
Rockville, MD
Osmar Tyrell
Rockville, MD
Industry PPP Comparison Statistics
Nationwide, 30,865 businesses in the "Computer Systems Design Services" industry received a total of $4.34B 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, 100% higher than Script2It Inc's reported 5 employees, and received an average PPP loan of $140,681, 51% higher than this company's loan of $93,208.
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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