PPP Loan Data — System Soft Technologies LLC, Tampa, FL
System Soft Technologies LLC is a limited liability company (LLC) located at 3000 Bayport Dr Ste 840 in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $7,774,106.00 in April, 2020.
$ PPP Loan Information
System Soft Technologies LLC in Tampa, FL received a Paycheck Protection Loan of $7.77M through CENTRAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, System Soft Technologies LLC's total 2019 payroll expenses were approximately $37.32M in order to qualify for the PPP loan amount received.
Based on their reported 384 jobs retained, this equals an estimated average yearly compensation of $97,176 per employee1.
Business Information - System Soft Technologies LLC in Tampa, FL
3000 Bayport Dr Ste 840
Tampa, FL 33607
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-14
Similar Companies near Tampa
In the Tampa area, 23 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 384) and received an average PPP loan of $538,366 (compared to this company's $7.77M).
Similar Nearby Businesses Who Received PPP Funding:
BIT Direct Inc
GSL Solutions, Inc.
Proof Network Ventures Inc.
Tenex Software Solutions, Inc.
It Verticals Inc.
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 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 11 employees, 97% lower than System Soft Technologies LLC's reported 384 employees, and received an average PPP loan of $200,633, 97% lower than this company's loan of $7.77M.
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.
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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