PPP Loan Data — Strand Systems Engineering, Inc, Dallas, TX
Strand Systems Engineering, Inc is a corporation located at 10003 Technology Blvd W in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,233,640.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Strand Systems Engineering, Inc in Dallas, TX received a Paycheck Protection Loan of $2.23M through BBVA USA, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Strand Systems Engineering, Inc's 2019 payroll expenses are estimated to be at least $10.72M.
Based on their reported 197 jobs retained, this equals an estimated average yearly compensation of $54,424 per employee1
Reported PPP Proceed Usage:
On the PPP application, Strand Systems Engineering, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,675,230
- Utilities: $279,205
- Mortgage Interest: $279,205
Business Information - Strand Systems Engineering, Inc in Dallas, TX
10003 Technology Blvd W
Dallas, TX 75220
NAICS code 541330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 12 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 197) and received an average PPP loan of $378,317 (compared to this company's $2.23M).
Similar Nearby Businesses Who Received PPP Funding:
Quickassert Consulting Inc
Crosstown Land Development Services LLC
All Day Industrial Painting
Core Systematic Integration LLC
All Day Industrial Painting Inc
Basis Solutions, LLC
Rebar Design & Detail Inc
Central Fire Protection, Inc
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 93% lower than Strand Systems Engineering, Inc's reported 197 employees, and received an average PPP loan of $194,873, 91% lower than this company's loan of $2.23M.
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Footnotes & Information
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