PPP Loan Data — Sriven Systems Inc, Colleyville, TX
Sriven Systems Inc is a corporation located at 7157 Colleyville Blvd in Colleyville, Texas that received a Coronavirus-related PPP loan from the SBA of $2,474,723.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 126 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF THE WEST
Sriven Systems Inc received a Paycheck Protection Loan of $2.47M through BANK OF THE WEST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sriven Systems Inc's total 2019 payroll expenses were approximately $11.88M in order to qualify for the PPP loan amount received.
Based on their reported 126 jobs retained, this equals an estimated average yearly compensation of $94,275 per employee1.
Business Information - Sriven Systems Inc in Colleyville, TX
7157 Colleyville Blvd
Colleyville, TX 76034
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-24
Similar Companies near Colleyville
In the Colleyville area, 9 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 126) and received an average PPP loan of $319,633 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Medi-Dyne Healthcare Products LTD
Branded Web Services, LLC
Appscience Technologies Inc
PRV Technologies LLC
Radiant Infosys Inc
The Ispark Group Inc
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, 91% lower than Sriven Systems Inc's reported 126 employees, and received an average PPP loan of $200,633, 92% lower than this company's loan of $2.47M.
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