PPP Loan Data — Systel Business Equipment Co Inc, Fayetteville, NC
Systel Business Equipment Co Inc is a corporation located at 2604 Ft Bragg Road in Fayetteville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,155,200.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:FIRST NATIONAL BANK OF PENNSYLVANIA
Systel Business Equipment Co Inc in Fayetteville, NC received a Paycheck Protection Loan of $3.16M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Systel Business Equipment Co Inc's total 2019 payroll expenses were approximately $15.14M in order to qualify for the PPP loan amount received.
Unlike most businesses, Systel Business Equipment Co Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Systel Business Equipment Co Inc in Fayetteville, NC
2604 Ft Bragg Road
Fayetteville, NC 28303
All Other Business Support Services (NAICS code 561499)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-08
Similar Companies near Fayetteville
In the Fayetteville area, 14 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $344,059 (compared to this company's $3.16M).
Similar Nearby Businesses Who Received PPP Funding:
ASAP Home Investments LLC
Drive Auto Sales Group
Omayra D Coon, CPA, PC
Brock Cabinets Inc
Saint Patrick Catholic Church
Fayetteville Animal Protection Society Inc
Industry PPP Comparison Statistics
Nationwide, 28,906 businesses in the "All Other Business Support Services" industry received a total of $1,963,852,672.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, and received an average PPP loan of $67,939, 98% lower than this company's loan of $3.16M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!