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PPP Loan Data — Techdata Service Company LLC, King Of Prussia, PA

SBA PPP loan data, payroll data, and salaries for Techdata Service Company LLC
PA

Techdata Service Company LLC

Entity: Limited Liability Company (LLC)

Industry: Data Processing, Hosting, and Related Services

Location: King Of Prussia, PA

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Techdata Service Company LLC is a limited liability company (LLC) located at 700 American Ave, Suite 102 in King Of Prussia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $5,248,177.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.25M

Jobs Retained:

264

Loan Approved:

2020-04-09

Lender:

CUSTOMERS BANK

Techdata Service Company LLC received a Paycheck Protection Loan of $5.25M through CUSTOMERS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Techdata Service Company LLC's total 2019 payroll expenses were approximately $25.19M in order to qualify for the PPP loan amount received.

Based on their reported 264 jobs retained, this equals an estimated average yearly compensation of $95,421 per employee1.

Because the loan received by Techdata Service Company LLC 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 - Techdata Service Company LLC in King Of Prussia, PA

Techdata Service Company LLC
700 American Ave, Suite 102
King Of Prussia, PA 19406

Business Industry

Data Processing, Hosting, and Related Services (NAICS code 518210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-04

Similar Companies near King Of Prussia

In the King Of Prussia area, 2 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 264) and received an average PPP loan of $2,631,389 (compared to this company's $5.25M).

Similar Nearby Businesses Who Received PPP Funding:

Davitran Networks Inc.
King Of Prussia, PA

$14,600 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,879 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1,161,307,675.00 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 12 employees, 95% lower than Techdata Service Company LLC's reported 264 employees, and received an average PPP loan of $197,535, 96% lower than this company's loan of $5.25M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/techdata-service-company-llc-king-of-prussia-pa