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PPP Loan Data — Svam International Inc., Great Neck, NY

SBA PPP loan data, payroll data, and salaries for Svam International Inc.

Svam International Inc.

Entity: Subchapter S Corporation

Industry: Computer Systems Design Services

Location: Great Neck, NY

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Svam International Inc. is a subchapter s corporation located at 233 E Shore Rd Suite 201 in Great Neck, New York that received a Coronavirus-related PPP loan from the SBA of $3,190,805.00 in May, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Svam International Inc. in Great Neck, NY received a Paycheck Protection Loan of $3.19M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Svam International Inc.'s total 2019 payroll expenses were approximately $15.32M in order to qualify for the PPP loan amount received.

Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $98,179 per employee1.

Because the loan received by Svam International 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 - Svam International Inc. in Great Neck, NY

Svam International Inc.
233 E Shore Rd Suite 201
Great Neck, NY 11023

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-03

Similar Companies near Great Neck

In the Great Neck area, 3 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 156) and received an average PPP loan of $1,077,472 (compared to this company's $3.19M).

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, 94% lower than Svam International Inc.'s reported 156 employees, and received an average PPP loan of $181,408, 94% lower than this company's loan of $3.19M.

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 - The Civil Employee's Resource **