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PPP Loan Data — System Studies & Simulation, Inc.,
Huntsville, AL
System Studies & Simulation, Inc.
Entity: Corporation
Industry: Other Scientific and Technical Consulting Services
Location: Huntsville, AL
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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
Loan Size:
Jobs Retained:
262Loan Approved:
2020-04-29Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONSystem 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
Business Industry
Other Scientific and Technical Consulting Services (NAICS code 541690)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: AL-05Similar 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
Huntsville, AL
Cortina Solutions, LLC
Huntsville, AL
Morris Allen & Associates Inc
Huntsville, AL
Cutty Sark Technologies LLC
Huntsville, AL
Kachemak Bay Flying Service, Inc
Huntsville, AL
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.
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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