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PPP Loan Data — Valley It Solutions LLC,
Fargo, ND
Valley It Solutions LLC
Entity: Limited Liability Company (LLC)
Industry: Custom Computer Programming Services
Location: Fargo, ND
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Valley It Solutions LLC is a limited liability company (LLC) located at 1121 Westrac Dr in Fargo, North Dakota that received a Coronavirus-related PPP loan from the SBA of $211,500.00 in April, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least twelve people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
12Loan Approved:
2020-04-07Lender:
TOWN AND COUNTRY CUValley It Solutions LLC received a Paycheck Protection Loan of $211,500 through TOWN AND COUNTRY CU, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Valley It Solutions LLC's total 2019 payroll expenses were approximately $1.02M in order to qualify for the PPP loan amount received.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $84,600 per employee1.
Business Information - Valley It Solutions LLC in Fargo, ND
1121 Westrac Dr
Fargo, ND 58103
Business Industry
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: BLACK OR AFRICAN AMERICAN
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: ND-Similar Companies near Fargo
In the Fargo area, 13 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 12) and received an average PPP loan of $318,069 (compared to this company's $211,500).
Similar Nearby Businesses Who Received PPP Funding:
Zulafly, Inc
Fargo, ND
Botlink, LLC
Fargo, ND
Fargotek
Fargo, ND
Bushel Inc
Fargo, ND
Onsharp, Inc.
Fargo, ND
Flentis Corporation
Fargo, ND
Abercrombie Consulting
Fargo, ND
Oncore, LLC
Fargo, ND
Minimum Tech LLC
Fargo, ND
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 8% lower than Valley It Solutions LLC's reported 12 employees, and received an average PPP loan of $200,633, 5% lower than this company's loan of $211,500.
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.
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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