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PPP Loan Data — Thoth Technologies LLC, Basking Ridge, NJ

SBA PPP loan data, payroll data, and salaries for Thoth Technologies LLC
NJ

Thoth Technologies LLC

Entity: Limited Liability Company (LLC)

Industry: Custom Computer Programming Services

Location: Basking Ridge, NJ

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Thoth Technologies LLC is a limited liability company (LLC) located in Basking Ridge, New Jersey that received a Coronavirus-related PPP loan from the SBA of $9,365.00 in May, 2020.

$ PPP Loan Information
Loan #1104207408

Loan Size:

$9,365

Jobs Retained:

1

Loan Approved:

2020-05-03

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Thoth Technologies LLC in Basking Ridge, NJ received a Paycheck Protection Loan of $9,365 through Bank of America, National Association, which was approved in May, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Thoth Technologies LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $9,365

Business Information - Thoth Technologies LLC in Basking Ridge, NJ

Thoth Technologies LLC
Basking Ridge, NJ
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Custom Computer Programming Services
NAICS code 541511

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Somerset County, NJ — SBA Office 0299 — Congressional District: NJ-07

Similar Companies near Basking Ridge

In the Basking Ridge area, 8 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $52,065 (compared to this company's $9,365).

Industry PPP Comparison Statistics

Nationwide, 38,818 businesses in the "Custom Computer Programming Services" industry received a total of $6.47B 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 11 employees, 1000% higher than Thoth Technologies LLC's reported 1 employees, and received an average PPP loan of $166,647, 1679% higher than this company's loan of $9,365.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/thoth-technologies-llc-basking-ridge-nj