PPP Loan Data — Systems Management Planning, Inc, West Henrietta, NY
Systems Management Planning, Inc is a subchapter s corporation located at 1020 John Street in West Henrietta, New York that received a Coronavirus-related PPP loan from the SBA of $2,306,065.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
Systems Management Planning, Inc in West Henrietta, NY received a Paycheck Protection Loan of $2.31M through Manufacturers and Traders Trust Company, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Systems Management Planning, Inc's 2019 payroll expenses are estimated to be at least $11.07M.
Based on their reported 119 jobs retained, this equals an estimated average yearly compensation of $93,018 per employee1
Reported PPP Proceed Usage:
On the PPP application, Systems Management Planning, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,176,065
- Utilities: $20,000
- Rent: $90,000
- Debt Interest: $20,000
Business Information - Systems Management Planning, Inc in West Henrietta, NY
1020 John Street
West Henrietta, NY 14586
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near West Henrietta
In the West Henrietta area, 4 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 119) and received an average PPP loan of $1,342,336 (compared to this company's $2.31M).
Similar Nearby Businesses Who Received PPP Funding:
West Henrietta, NY
Elogic Group LLC
West Henrietta, NY
Industry PPP Comparison Statistics
Nationwide, 31,382 businesses in the "Computer Systems Design Services" industry received a total of $4.35B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 92% lower than Systems Management Planning, Inc's reported 119 employees, and received an average PPP loan of $138,748, 94% lower than this company's loan of $2.31M.
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Footnotes & Information
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