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PPP Loan Data — Systems Service Enterprises, Inc., Saint Louis, MO

SBA PPP loan data, payroll data, and salaries for Systems Service Enterprises, Inc.
MO

Systems Service Enterprises, Inc.

Entity: Subchapter S Corporation

Industry: All Other Information Services

Location: Saint Louis, MO

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Systems Service Enterprises, Inc. is a subchapter s corporation located at 9666 Olive Blvd., Ste 710 in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $3,457,930.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.46M

Jobs Retained:

283

Loan Approved:

2020-04-14

Lender:

TRIAD BANK

Systems Service Enterprises, Inc. in Saint Louis, MO received a Paycheck Protection Loan of $3.46M through TRIAD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Systems Service Enterprises, Inc.'s total 2019 payroll expenses were approximately $16.6M in order to qualify for the PPP loan amount received.

Based on their reported 283 jobs retained, this equals an estimated average yearly compensation of $58,650 per employee1.

Because the loan received by Systems Service Enterprises, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Systems Service Enterprises, Inc. in Saint Louis, MO

Systems Service Enterprises, Inc.
9666 Olive Blvd., Ste 710
Saint Louis, MO 63132

Business Industry

All Other Information Services (NAICS code 519190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MO-01

Industry PPP Comparison Statistics

Nationwide, 3,847 businesses in the "All Other Information Services" industry received a total of $421,053,108.00 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, 98% lower than Systems Service Enterprises, Inc.'s reported 283 employees, and received an average PPP loan of $109,450, 97% lower than this company's loan of $3.46M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/systems-service-enterprises-inc-saint-louis-mo