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PPP Loan Data — Server Management Services LLC,
Irving, TX
Server Management Services LLC
Entity: Limited Liability Company (LLC)
Industry: Computer Systems Design Services
Location: Irving, TX
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Server Management Services LLC is a limited liability company (LLC) located at 5525 N Macarthur Blvd Ste 655 in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $662,240.00 in March, 2021.
$
PPP Loan Information
Loan #9514778508
Loan Size:
Jobs Retained:
32Loan Approved:
2021-03-12Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationServer Management Services LLC in Irving, TX received a Paycheck Protection Loan of $662,240 through JPMorgan Chase Bank, National Association, which was approved in March, 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.
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, Server Management Services LLC's 2019 payroll expenses are estimated to be at least $3.18M.
Based on their reported 32 jobs retained, this equals an estimated average yearly compensation of $99,336 per employee1
Reported PPP Proceed Usage:
On the PPP application, Server Management Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $662,237
- Utilities: $1
Business Information - Server Management Services LLC in Irving, TX
5525 N Macarthur Blvd Ste 655
Irving, TX 75038
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: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Irving
In the Irving area, 43 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 32) and received an average PPP loan of $587,868 (compared to this company's $662,240).
Similar Nearby Businesses Who Received PPP Funding:
Tekreant Inc
Irving, TX
Sai-Cornerstone Inc
Irving, TX
Comtec Consultants, Inc
Irving, TX
It Custom Solutions Inc
Irving, TX
Akili Systems Group Inc
Irving, TX
Peritus Incorporated
Irving, TX
Cloud Logix LLC
Irving, TX
Think Analytix LLC
Irving, TX
Techpro Inc
Irving, TX
Industry PPP Comparison Statistics
Nationwide, 27,837 businesses in the "Computer Systems Design Services" industry received a total of $4.23B 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 11 employees, 66% lower than Server Management Services LLC's reported 32 employees, and received an average PPP loan of $151,788, 77% lower than this company's loan of $662,240.
Server Management Services LLC
Entity: Limited Liability Company (LLC)
Industry: Employment Placement Agencies
Location: Irving, TX
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Server Management Services LLC is a limited liability company (LLC) located at 5525 N Macarthur Blvd Ste 655 in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $775,675.00 in May, 2020.
$
PPP Loan Information
Loan #1690147710
Loan Size:
Jobs Retained:
450Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationServer Management Services LLC in Irving, TX received a Paycheck Protection Loan of $775,675 through JPMorgan Chase Bank, 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 January, 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, Server Management Services LLC's 2019 payroll expenses are estimated to be at least $3.72M.
Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $8,274 per employee1
Reported PPP Proceed Usage:
On the PPP application, Server Management Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $775,675
Business Information - Server Management Services LLC in Irving, TX
5525 N Macarthur Blvd Ste 655
Irving, TX 75038
Business Industry:
Employment Placement Agencies
NAICS code 561311
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: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Irving
In the Irving area, 8 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 155 employees (compared to this company's 450) and received an average PPP loan of $775,864 (compared to this company's $775,675).
Similar Nearby Businesses Who Received PPP Funding:
Talent Tree LLC
Irving, TX
RIG Enterprise Application Inc
Irving, TX
Spero Solutions, Inc
Irving, TX
Mikre, Inc
Irving, TX
Oberon It, Inc
Irving, TX
Vastika Inc
Irving, TX
Industry PPP Comparison Statistics
Nationwide, 11,419 businesses in the "Employment Placement Agencies" industry received a total of $3.37B 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 37 employees, 92% lower than Server Management Services LLC's reported 450 employees, and received an average PPP loan of $294,839, 62% lower than this company's loan of $775,675.
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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