PPP Loan Data — Sysmonk Consulting Inc, Hatfield, PA
Sysmonk Consulting Inc
Location: Hatfield, PATweet This • Search All PPP Data
Sysmonk Consulting Inc is a corporation located at 249 Larkspur Ln in Hatfield, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $16,666.00 in July, 2020.
The company has reported itself as an Asian male owned business, and employed at least one person during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Sysmonk Consulting Inc received a Paycheck Protection Loan of $16,666 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in July, 2020.
Based on standard PPP eligibility rules, Sysmonk Consulting Inc's total 2019 payroll expenses were approximately $79,997 in order to qualify for the PPP loan amount received.
Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $79,997 per employee1.
Business Information - Sysmonk Consulting Inc in Hatfield, PA
249 Larkspur Ln
Hatfield, PA 19440
Other Scientific and Technical Consulting Services (NAICS code 541690)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: PA-01
Similar Companies near Hatfield
In the Hatfield area, 4 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 1) and received an average PPP loan of $616,980 (compared to this company's $16,666).
Similar Nearby Businesses Who Received PPP Funding:
Serverless Trailblazers, LLC
ENV Services Inc
Industry PPP Comparison Statistics
Nationwide, 14,293 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $1,499,073,773.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 7 employees, 600% higher than Sysmonk Consulting Inc's reported 1 employees, and received an average PPP loan of $104,882, 529% higher than this company's loan of $16,666.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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