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PPP Loan Data — Sriven Systems Inc,
Colleyville, TX
Sriven Systems Inc
Entity: Corporation
Industry: Custom Computer Programming Services
Location: Colleyville, TX
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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
Loan Size:
Jobs Retained:
126Loan Approved:
2020-04-13Lender:
BANK OF THE WESTSriven 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
Business Industry
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-24Similar 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
Colleyville, TX
Branded Web Services, LLC
Cleburne, TX
Appscience Technologies Inc
Colleyville, TX
PRV Technologies LLC
Colleyville, TX
Radiant Infosys Inc
Colleyville, TX
The Ispark Group Inc
Colleyville, TX
Stephen Sinunu
Colleyville, TX
Webrevelation, Inc
Colleyville, TX
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.
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.
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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