PPP Loan Data — WW Third Rock Inc, Leander, TX
WW Third Rock Inc is a corporation located at 2329 Muzzie Ln in Leander, Texas that received a Coronavirus-related PPP loan from the SBA of $25,225.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
WW Third Rock Inc in Leander, TX received a Paycheck Protection Loan of $25,225 through Cross River Bank, which was approved in April, 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, WW Third Rock Inc's 2019 payroll expenses are estimated to be at least $121,080.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, WW Third Rock Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,225
Business Information - WW Third Rock Inc in Leander, TX
2329 Muzzie Ln
Leander, TX 78641
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Leander
In the Leander area, 13 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $38,080 (compared to this company's $25,225).
Similar Nearby Businesses Who Received PPP Funding:
Liberty Hill, TX
Iambrosia Technologies, LLC
HK Computers LLC
Liberty Hill, TX
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, 233% higher than WW Third Rock Inc's reported 3 employees, and received an average PPP loan of $138,748, 450% higher than this company's loan of $25,225.
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