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PPP Loan Data — Skygroup Investments, LLC, Austin, TX

SBA PPP loan data, payroll data, and salaries for Skygroup Investments, LLC
TX

Skygroup Investments, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Amusement and Recreation Industries

Location: Austin, TX

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Skygroup Investments, LLC is a limited liability company (LLC) located at 6200 Bridge Point Pkwy Bldg 4 Ste 400 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $4,523,000.00 in August, 2020.

$ PPP Loan Information

Loan Size:

$4.52M

Jobs Retained:

500

Loan Approved:

2020-08-07

Lender:

ENTERPRISE BANK & TRUST

Skygroup Investments, LLC received a Paycheck Protection Loan of $4.52M through ENTERPRISE BANK & TRUST, which was approved in August, 2020.

Based on standard PPP eligibility rules, Skygroup Investments, LLC's total 2019 payroll expenses were approximately $21.71M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $43,421 per employee1.

Because the loan received by Skygroup Investments, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Skygroup Investments, LLC in Austin, TX

Skygroup Investments, LLC
6200 Bridge Point Pkwy Bldg 4 Ste 400
Austin, TX 78730

Business Industry

All Other Amusement and Recreation Industries (NAICS code 713990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-25

Similar Companies near Austin

In the Austin area, 2 businesses in the "All Other Amusement and Recreation Industries" industry received a PPP loan. These local businesses reported an average of 250 employees (compared to this company's 500) and received an average PPP loan of $2,262,150 (compared to this company's $4.52M).

Similar Nearby Businesses Who Received PPP Funding:

Salmon River Sportfishing
Austin, TX

$1,300 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 12,436 businesses in the "All Other Amusement and Recreation Industries" industry received a total of $744,146,572.00 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 11 employees, 98% lower than Skygroup Investments, LLC's reported 500 employees, and received an average PPP loan of $59,838, 99% lower than this company's loan of $4.52M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/skygroup-investments-llc-austin-tx