PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — The Cambeo Group, Provo, UT

ALERT: There are 2 PPP loans for a total of $109,407 in our database for businesses with the name "The Cambeo Group" in Provo, UT. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for The Cambeo Group
UT

The Cambeo Group

Entity: Corporation

Industry: Software Publishers

Location: Provo, UT

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The Cambeo Group is a corporation located at 2365 Mountain Vista Ln in Provo, Utah that received a Coronavirus-related PPP loan from the SBA of $66,407.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #5173788405

Loan Size:

$66,407

Jobs Retained:

4

Loan Approved:

2021-02-08

Loan Status:

Ongoing Loan

Lender:

Mountain America FCU

The Cambeo Group in Provo, UT received a Paycheck Protection Loan of $66,407 through Mountain America FCU, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, The Cambeo Group's 2019 payroll expenses are estimated to be at least $318,754.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $79,689 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Cambeo Group reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $66,407

Business Information - The Cambeo Group in Provo, UT

The Cambeo Group
2365 Mountain Vista Ln
Provo, UT 84606

Business Industry:
Software Publishers
NAICS code 511210

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Utah County, UT — SBA Office 0883 — Congressional District: UT-03

Similar Companies near Provo

In the Provo area, 4 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 4) and received an average PPP loan of $1,658,210 (compared to this company's $66,407).

Industry PPP Comparison Statistics

Nationwide, 12,401 businesses in the "Software Publishers" industry received a total of $2.66B 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 13 employees, 225% higher than The Cambeo Group's reported 4 employees, and received an average PPP loan of $214,589, 223% higher than this company's loan of $66,407.

SBA PPP loan data, payroll data, and salaries for The Cambeo Group
UT

The Cambeo Group

Entity: Corporation

Industry: Offices of Dentists

Location: Provo, UT

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The Cambeo Group is a corporation located at 2365 Mountain Vista Lane, Suite 4 in Provo, Utah that received a Coronavirus-related PPP loan from the SBA of $43,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.

$ PPP Loan Information
Loan #5087287100

Loan Size:

$43,000

Jobs Retained:

5

Loan Approved:

2020-04-13

Loan Status:

Ongoing Loan

Lender:

Mountain America FCU

The Cambeo Group in Provo, UT received a Paycheck Protection Loan of $43,000 through Mountain America FCU, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, The Cambeo Group's 2019 payroll expenses are estimated to be at least $206,400.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $41,280 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Cambeo Group reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $43,000

Business Information - The Cambeo Group in Provo, UT

The Cambeo Group
2365 Mountain Vista Lane, Suite 4
Provo, UT 84606

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Utah County, UT — SBA Office 0883 — Congressional District: UT-03

Similar Companies near Provo

In the Provo area, 10 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 5) and received an average PPP loan of $66,741 (compared to this company's $43,000).

Industry PPP Comparison Statistics

Nationwide, 167,529 businesses in the "Offices of Dentists" industry received a total of $13.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 80% higher than The Cambeo Group's reported 5 employees, and received an average PPP loan of $81,389, 89% higher than this company's loan of $43,000.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/the-cambeo-group-provo-ut