PPP Loan Data — Trackter Systems, Atlanta, GA
Trackter Systems is a corporation located at 1530 Brantley Ct Nw in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Trackter Systems in Atlanta, GA received a Paycheck Protection Loan of $25,000 through WebBank, which was approved in June, 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, Trackter Systems' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trackter Systems reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Trackter Systems in Atlanta, GA
1530 Brantley Ct Nw
Atlanta, GA 30314
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 11 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $71,121 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Identity One LLC
Industry PPP Comparison Statistics
Nationwide, 43,326 businesses in the "Custom Computer Programming Services" industry received a total of $6.67B 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, 400% higher than Trackter Systems' reported 2 employees, and received an average PPP loan of $153,857, 515% higher than this company's loan of $25,000.
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