PPP Loan Data — System Studies & Simulation, Inc., Huntsville, AL
System Studies & Simulation, Inc.
Location: Huntsville, ALTweet This • Search All PPP Data
System Studies & Simulation, Inc. is a corporation located at 615 Discovery Drive in Huntsville, Alabama that received a Coronavirus-related PPP loan from the SBA of $5,347,000.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
System Studies & Simulation, Inc. in Huntsville, AL received a Paycheck Protection Loan of $5.35M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, System Studies & Simulation, Inc.'s total 2019 payroll expenses were approximately $25.67M in order to qualify for the PPP loan amount received.
Based on their reported 262 jobs retained, this equals an estimated average yearly compensation of $97,960 per employee1.
Business Information - System Studies & Simulation, Inc. in Huntsville, AL
615 Discovery Drive
Huntsville, AL 35806
Other Scientific and Technical Consulting Services (NAICS code 541690)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-05
Similar Companies near Huntsville
In the Huntsville area, 6 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 262) and received an average PPP loan of $1,009,097 (compared to this company's $5.35M).
Similar Nearby Businesses Who Received PPP Funding:
Top Clean, LLC
Cortina Solutions, LLC
Morris Allen & Associates Inc
Cutty Sark Technologies LLC
Kachemak Bay Flying Service, 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, 97% lower than System Studies & Simulation, Inc.'s reported 262 employees, and received an average PPP loan of $104,882, 98% lower than this company's loan of $5.35M.
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