PPP Loan Data — Securitymetrics Inc, Orem, UT
Securitymetrics Inc is a corporation located at 1275 W 1600 N in Orem, Utah that received a Coronavirus-related PPP loan from the SBA of $4,019,236.00 in May, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Securitymetrics Inc received a Paycheck Protection Loan of $4.02M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Securitymetrics Inc's total 2019 payroll expenses were approximately $19.29M in order to qualify for the PPP loan amount received.
Unlike most businesses, Securitymetrics Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Securitymetrics Inc in Orem, UT
1275 W 1600 N
Orem, UT 84057
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: UT-03
Similar Companies near Orem
In the Orem area, 12 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 0) and received an average PPP loan of $453,431 (compared to this company's $4.02M).
Similar Nearby Businesses Who Received PPP Funding:
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Busy Human, LLC
Enex Solutions LLC
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Professional Software Solutions, Inc DBA Prosoft Net
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, and received an average PPP loan of $200,633, 95% lower than this company's loan of $4.02M.
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Footnotes & Information
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