PPP Loan Data — Syserco, Inc., Fremont, CA
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Syserco, Inc. is a corporation located at 215 Fourier Ave in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $3,581,445.00 in April, 2020.
$ PPP Loan Information
Lender:CALIFORNIA BANK OF COMMERCE
Syserco, Inc. received a Paycheck Protection Loan of $3.58M through CALIFORNIA BANK OF COMMERCE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Syserco, Inc.'s total 2019 payroll expenses were approximately $17.19M in order to qualify for the PPP loan amount received.
Based on their reported 177 jobs retained, this equals an estimated average yearly compensation of $97,124 per employee1.
Business Information - Syserco, Inc. in Fremont, CA
215 Fourier Ave
Fremont, CA 94539
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-17
Similar Companies near Fremont
In the Fremont area, 46 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 177) and received an average PPP loan of $132,653 (compared to this company's $3.58M).
Similar Nearby Businesses Who Received PPP Funding:
Idea Helix Inc
BVC Systems Inc
Syserco Energy Solutions, Inc.
EBS Technology Services Corporation
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 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 6 employees, 97% lower than Syserco, Inc.'s reported 177 employees, and received an average PPP loan of $74,488, 98% lower than this company's loan of $3.58M.
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