PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Spiraledge Inc, Campbell, CA

ALERT: There are 2 PPP loans for a total of $4.55M in our database for businesses with the name "Spiraledge Inc" in Campbell, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Spiraledge Inc
CA

Spiraledge Inc

Entity: Corporation

Industry: Electronic Shopping and Mail-Order Houses

Location: Campbell, CA

Search All PPP Data

Spiraledge Inc is a corporation located at 1919 S Bascom Ave Ste 300 in Campbell, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

$ PPP Loan Information
Loan #2825068306

Loan Size:

$2M

Jobs Retained:

215

Loan Approved:

2021-01-21

Loan Status:

Ongoing Loan

Lender:

Signature Bank

Spiraledge Inc in Campbell, CA received a Paycheck Protection Loan of $2M through Signature Bank, 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 More
Understanding 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 More

Based 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, Spiraledge Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $44,651 per employee1

Reported PPP Proceed Usage:

On the PPP application, Spiraledge Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by Spiraledge Inc 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 - Spiraledge Inc in Campbell, CA

Spiraledge Inc
1919 S Bascom Ave Ste 300
Campbell, CA 95008

Business Industry:
Electronic Shopping and Mail-Order Houses
NAICS code 454110

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

Santa Clara County, CA — SBA Office 0912 — Congressional District: CA-18

Similar Companies near Campbell

In the Campbell area, 2 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a PPP loan. These local businesses reported an average of 246 employees (compared to this company's 215) and received an average PPP loan of $2,274,000 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

Spiraledge Inc
Campbell, CA

$2.55M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 15,801 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a total of $824.29M 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 5 employees, 98% lower than Spiraledge Inc's reported 215 employees, and received an average PPP loan of $52,167, 97% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Spiraledge Inc
CA

Spiraledge Inc

Entity: Corporation

Industry: Electronic Shopping and Mail-Order Houses

Location: Campbell, CA

Search All PPP Data

Spiraledge Inc is a corporation located at 1919 Bascom Ave Ste300 in Campbell, California that received a Coronavirus-related PPP loan from the SBA of $2,548,000.00 in May, 2020.

$ PPP Loan Information
Loan #8094857303

Loan Size:

$2.55M

Jobs Retained:

276

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Spiraledge Inc in Campbell, CA received a Paycheck Protection Loan of $2.55M through Bank of America, National Association, which was approved in May, 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 More
Understanding 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 More

Based 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, Spiraledge Inc's 2019 payroll expenses are estimated to be at least $12.23M.

Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $44,313 per employee1

Reported PPP Proceed Usage:

On the PPP application, Spiraledge Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,548,000
Because the loan received by Spiraledge Inc 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 - Spiraledge Inc in Campbell, CA

Spiraledge Inc
1919 Bascom Ave Ste300
Campbell, CA 95008

Business Industry:
Electronic Shopping and Mail-Order Houses
NAICS code 454110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Santa Clara County, CA — SBA Office 0912 — Congressional District: CA-18

Similar Companies near Campbell

In the Campbell area, 2 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a PPP loan. These local businesses reported an average of 246 employees (compared to this company's 276) and received an average PPP loan of $2,274,000 (compared to this company's $2.55M).

Similar Nearby Businesses Who Received PPP Funding:

Spiraledge Inc
Campbell, CA

$2M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 15,801 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a total of $824.29M 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 5 employees, 98% lower than Spiraledge Inc's reported 276 employees, and received an average PPP loan of $52,167, 98% lower than this company's loan of $2.55M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/spiraledge-inc-campbell-ca