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PPP Loan Data — Stratus Midco, Inc, Saint Louis, MO

SBA PPP loan data, payroll data, and salaries for Stratus Midco, Inc
MO

Stratus Midco, Inc

Entity: Corporation

Industry: Computer Systems Design Services

Location: Saint Louis, MO

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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

Loan Size:

$3.98M

Jobs Retained:

241

Loan Approved:

2020-04-27

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.

Because the loan received by Stratus Midco, 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 - Stratus Midco, Inc in Saint Louis, MO

Stratus Midco, Inc
201 N Tucker Blvd
Saint Louis, MO 63101

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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/stratus-midco-inc-saint-louis-mo