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PPP Loan Data — Sriven Systems Inc, Colleyville, TX

SBA PPP loan data, payroll data, and salaries for Sriven Systems Inc
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:

$2.47M

Jobs Retained:

126

Loan Approved:

2020-04-13

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.

Because the loan received by Sriven Systems 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 - Sriven Systems Inc in Colleyville, TX

Sriven Systems Inc
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-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).

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.

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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/sriven-systems-inc-colleyville-tx