PPP Loan Data — Trangis Technical Services Inc, Coppell, TX
Trangis Technical Services Inc is a corporation located at 3365 Scotch Creek Rd in Coppell, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Trangis Technical Services Inc in Coppell, TX received a Paycheck Protection Loan of $25,000 through Zions Bank, A Division of, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Trangis Technical Services Inc's 2019 payroll expenses are estimated to be at least $120,000 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Trangis Technical Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Trangis Technical Services Inc in Coppell, TX
3365 Scotch Creek Rd
Coppell, TX 75019
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Coppell
In the Coppell area, 19 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 1) and received an average PPP loan of $283,695 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Advanced Digital Solutions LP
Renaf Solutions Inc
ERP Logic LLC
Voxai Solutions Inc
Clear C2 Inc
TX Red One Network Solutions LLC DBA Red One Network Solutio
Exosphere Solutions, LLC
Pima Labs Inc
Industry PPP Comparison Statistics
Nationwide, 31,382 businesses in the "Computer Systems Design Services" industry received a total of $4.35B 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, 900% higher than Trangis Technical Services Inc's reported 1 employees, and received an average PPP loan of $138,748, 455% higher than this company's loan of $25,000.
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