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PPP Loan Data — Syserco, Inc.,
Fremont, CA
Syserco, Inc.
Entity: Corporation
Industry: All Other Professional, Scientific, and Technical Services
Location: 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
Loan Size:
Jobs Retained:
177Loan Approved:
2020-04-08Lender:
CALIFORNIA BANK OF COMMERCESyserco, 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
Business Industry
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-17Similar 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).
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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.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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