PPP Loan Data — Vastika Inc, Irving, TX
Vastika Inc is a corporation located at 1200 W Walnut Hill Lane in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $3,290,500.00 in April, 2020.
$ PPP Loan Information
Lender:HANCOCK WHITNEY BANK
Vastika Inc in Irving, TX received a Paycheck Protection Loan of $3.29M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vastika Inc's total 2019 payroll expenses were approximately $15.79M in order to qualify for the PPP loan amount received.
Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $78,579 per employee1.
Business Information - Vastika Inc in Irving, TX
1200 W Walnut Hill Lane
Irving, TX 75038
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-24
Similar Companies near Irving
In the Irving area, 6 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 201) and received an average PPP loan of $943,244 (compared to this company's $3.29M).
Similar Nearby Businesses Who Received PPP Funding:
Server Management Services LLC
Spero Solutions, Inc.
Oberon It, Inc
Talent Tree LLC
Industry PPP Comparison Statistics
Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 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 38 employees, 81% lower than Vastika Inc's reported 201 employees, and received an average PPP loan of $363,100, 89% lower than this company's loan of $3.29M.
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