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PPP Loan Data — Stellar Solutions Inc,
Palo Alto, CA
Stellar Solutions Inc
Entity: Subchapter S Corporation
Industry: Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
Location: Palo Alto, CA
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Stellar Solutions Inc is a subchapter s corporation located at 250 Cambridge Ave Suite 204 in Palo Alto, California that received a Coronavirus-related PPP loan from the SBA of $4,856,800.00 in April, 2020.
$
PPP Loan Information
Loan #9025737107
Loan Size:
Jobs Retained:
299Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Zions Bank, A Division ofStellar Solutions Inc in Palo Alto, CA received a Paycheck Protection Loan of $4.86M through Zions Bank, A Division of, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2022.
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, Stellar Solutions Inc's 2019 payroll expenses are estimated to be at least $23.31M.
Based on their reported 299 jobs retained, this equals an estimated average yearly compensation of $77,969 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stellar Solutions Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,856,800
Business Information - Stellar Solutions Inc in Palo Alto, CA
250 Cambridge Ave Suite 204
Palo Alto, CA 94306
Business Industry:
Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
NAICS code 541715
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
Similar Companies near Palo Alto
In the Palo Alto area, 5 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 299) and received an average PPP loan of $1,001,987 (compared to this company's $4.86M).
Similar Nearby Businesses Who Received PPP Funding:
Stewart Carl Engineering
Palo Alto, CA
Scenera Inc
Palo Alto, CA
Cmsoft Inc
Palo Alto, CA
Morteza Naghavi
Palo Alto, CA
Industry PPP Comparison Statistics
Nationwide, 4,762 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a total of $785.22M 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 11 employees, 96% lower than Stellar Solutions Inc's reported 299 employees, and received an average PPP loan of $164,892, 97% lower than this company's loan of $4.86M.
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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