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PPP Loan Data — Software Global LTD,
Austin, TX
Software Global LTD
Entity: Sole Proprietorship
Industry: Custom Computer Programming Services
Location: Austin, TX
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Software Global LTD is a sole proprietorship located at 2000 South Interstate 35 Frontage Road in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $185,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
$
PPP Loan Information
Loan #2144738300
Loan Size:
Jobs Retained:
10Loan Approved:
2021-01-20Loan Status:
Ongoing LoanLender:
Readycap Lending, LLCSoftware Global LTD in Austin, TX received a Paycheck Protection Loan of $185,000 through Readycap Lending, LLC, which was approved in January, 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, Software Global LTD's 2019 payroll expenses are estimated to be at least $888,000.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $88,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, Software Global LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $184,998
Business Information - Software Global LTD in Austin, TX
2000 South Interstate 35 Frontage Road
Austin, TX 78704
Business Industry:
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 50 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 10) and received an average PPP loan of $241,541 (compared to this company's $185,000).
Similar Nearby Businesses Who Received PPP Funding:
Worksmith, Inc
Austin, TX
Qcue Inc
Austin, TX
Gitty Inc
Austin, TX
Entermedia LLC
Austin, TX
Tentra Corp
Austin, TX
Covidi Consulting LLC
Austin, TX
JWR Software Services, Inc
Austin, TX
Brick Labs Inc
Austin, TX
Vumero Inc
Austin, TX
Industry PPP Comparison Statistics
Nationwide, 41,891 businesses in the "Custom Computer Programming Services" industry received a total of $6.6B 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, the same amount reported by Software Global LTD and received an average PPP loan of $157,560, 15% lower than this company's loan of $185,000.
Software Global LTD
Entity: Sole Proprietorship
Industry: Custom Computer Programming Services
Location: Austin, TX
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•
Search All PPP Data
Software Global LTD is a sole proprietorship located at 2512 South Interstate 35 Frontage Road,125 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $203,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least twelve people during the applicable loan loan period.
$
PPP Loan Information
Loan #5705327108
Loan Size:
Jobs Retained:
12Loan Approved:
2020-04-13Loan Status:
Ongoing LoanLender:
Customers BankSoftware Global LTD in Austin, TX received a Paycheck Protection Loan of $203,000 through Customers Bank, which was approved in April, 2020.
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, Software Global LTD's 2019 payroll expenses are estimated to be at least $974,400.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $81,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Software Global LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $203,000
Business Information - Software Global LTD in Austin, TX
2512 South Interstate 35 Frontage Road,125
Austin, TX 78704
Business Industry:
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 50 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 12) and received an average PPP loan of $241,541 (compared to this company's $203,000).
Similar Nearby Businesses Who Received PPP Funding:
Worksmith, Inc
Austin, TX
Qcue Inc
Austin, TX
Gitty Inc
Austin, TX
Entermedia LLC
Austin, TX
Tentra Corp
Austin, TX
Covidi Consulting LLC
Austin, TX
JWR Software Services, Inc
Austin, TX
Brick Labs Inc
Austin, TX
Vumero Inc
Austin, TX
Industry PPP Comparison Statistics
Nationwide, 41,891 businesses in the "Custom Computer Programming Services" industry received a total of $6.6B 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, 17% lower than Software Global LTD's reported 12 employees, and received an average PPP loan of $157,560, 22% lower than this company's loan of $203,000.
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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