PPP Loan Data — Stratus Midco, Inc, Saint Louis, MO
Stratus Midco, Inc is a corporation located at 201 N Tucker Blvd in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $3,984,877.00 in April, 2020.
$ PPP Loan Information
Lender:WEST COMMUNITY CU
Stratus Midco, Inc in Saint Louis, MO received a Paycheck Protection Loan of $3.98M through WEST COMMUNITY CU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Stratus Midco, Inc's total 2019 payroll expenses were approximately $19.13M in order to qualify for the PPP loan amount received.
Based on their reported 241 jobs retained, this equals an estimated average yearly compensation of $79,367 per employee1.
Business Information - Stratus Midco, Inc in Saint Louis, MO
201 N Tucker Blvd
Saint Louis, MO 63101
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MO-01
Similar Companies near Saint Louis
In the Saint Louis area, 5 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 241) and received an average PPP loan of $982,653 (compared to this company's $3.98M).
Similar Nearby Businesses Who Received PPP Funding:
Wired Impact, LLC
St Louis, MO
International Proof Systems
Saint Louis, MO
Hyson International Corp.
Saint Louis, MO
Moore Computing, LLP
Saint Louis, MO
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 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 10 employees, 96% lower than Stratus Midco, Inc's reported 241 employees, and received an average PPP loan of $181,408, 95% lower than this company's loan of $3.98M.
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, 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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