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PPP Loan Data — Stoke Analytics LLC,
Provo, UT
Stoke Analytics LLC
Entity: Limited Liability Company (LLC)
Industry: Computer Systems Design Services
Location: Provo, UT
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Stoke Analytics LLC is a limited liability company (LLC) located at 1346 Maple Ln in Provo, Utah that received a Coronavirus-related PPP loan from the SBA of $18,945.00 in February, 2021.
$
PPP Loan Information
Loan #8852968406
Loan Size:
Jobs Retained:
3Loan Approved:
2021-02-14Loan Status:
Paid in Full or ForgivenLender:
U.S. Bank, National AssociationStoke Analytics LLC in Provo, UT received a Paycheck Protection Loan of $18,945 through U.S. Bank, National Association, which was approved in February, 2021.
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 October, 2021.
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, Stoke Analytics LLC's 2019 payroll expenses are estimated to be at least $90,936.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $30,312 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stoke Analytics LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,945
Business Information - Stoke Analytics LLC in Provo, UT
1346 Maple Ln
Provo, UT 84604
Business Industry:
Computer Systems Design Services
NAICS code 541512
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: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Stoke Analytics LLC.
Stoke LLC
Advertising Agencies
Similar Companies near Provo
In the Provo area, 6 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 3) and received an average PPP loan of $133,213 (compared to this company's $18,945).
Similar Nearby Businesses Who Received PPP Funding:
It Harbor, LLC
Provo, UT
Oasis Tech Inc
Provo, UT
Lucky Eight LLC
Provo, UT
Aquaveo LLC
Provo, UT
Shophero Inc
Provo, UT
Industry PPP Comparison Statistics
Nationwide, 30,865 businesses in the "Computer Systems Design Services" industry received a total of $4.34B 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 10 employees, 233% higher than Stoke Analytics LLC's reported 3 employees, and received an average PPP loan of $140,681, 643% higher than this company's loan of $18,945.
Stoke Analytics LLC
Entity: Limited Liability Company (LLC)
Industry: Unknown
Location: Provo, UT
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Stoke Analytics LLC is a limited liability company (LLC) located at 1246 1120 E in Provo, Utah that received a Coronavirus-related PPP loan from the SBA of $75,380.00 in May, 2020.
$
PPP Loan Information
Loan #8139967709
Loan Size:
Jobs Retained:
11Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
U.S. Bank, National AssociationStoke Analytics LLC in Provo, UT received a Paycheck Protection Loan of $75,380 through U.S. Bank, National Association, which was approved in May, 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 May, 2021.
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, Stoke Analytics LLC's 2019 payroll expenses are estimated to be at least $361,824.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $32,893 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stoke Analytics LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $75,380
Business Information - Stoke Analytics LLC in Provo, UT
1246 1120 E
Provo, UT 84606
Business Industry:
Unknown
NAICS code 0
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
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Stoke Analytics LLC.
Stoke LLC
Unclassified Establishments
Similar Companies near Provo
In the Provo area, 413 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 11) and received an average PPP loan of $134,156 (compared to this company's $75,380).
Similar Nearby Businesses Who Received PPP Funding:
JAY Glenn
Provo, UT
Say HI Media, LLC
Provo, UT
Wright&Apos;S Air Systems Inc
Provo, UT
Grant Foulger
Provo, UT
Industry PPP Comparison Statistics
Nationwide, 132,342 businesses in the "Unknown" industry received a total of $5.86B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 18% higher than Stoke Analytics LLC's reported 11 employees, and received an average PPP loan of $44,250, 41% lower than this company's loan of $75,380.
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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