In order to qualify for the PPP loan amount received, Ancora Software Inc's 2019 payroll expenses are estimated to be at least $3.07M (not accounting for salary amounts > $100k).īecause the 30 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated. (NOTE: The PPP loan amount received by this entity indicates that it may have employees with compensation > $100k) 2īased 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).
This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap. The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 31. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors. 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 30 jobs reported as retained on the PPP application 3. The loan's status was last updated by the SBA in June, 2021. 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. These local businesses reported an average of 15 employees (compared to this company's 31) and received an average PPP loan of $298,932 (compared to this company's $501,425).Īncora Software Inc in San Diego, CA received a Paycheck Protection Loan of $639,945 through JPMorgan Chase Bank, National Association, which was approved in April, 2020. In the San Diego area, 30 businesses in the " Software Publishers" industry received a PPP loan. Other Activities Related to Real Estate $15,625 PPP Loan Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) $12,500 PPP Loan Translation and Interpretation Services $11,048 PPP Loan There are 9 other businesses that received a PPP loan registered to the same address as Ancora Software Inc.Īll Other Professional, Scientific, and Technical Services $9,000 PPP LoanĪll Other Legal Services $11,000 PPP Loan On the PPP application, Ancora Software Inc reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Ancora Software Inc in San Diego, CA In order to qualify for the PPP loan amount received, Ancora Software Inc's 2019 payroll expenses are estimated to be at least $2.41M.īased on their reported 31 jobs retained, this equals an estimated average yearly compensation of $77,640 per employee 1 Reported PPP Proceed Usage:
Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased 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).
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Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. SES - Senior Executive Service Pay Calculatorįor Ancora Software Inc, the calculation used to estimate payroll costs is shown below:.FWS - Federal Wage System Pay Calculator.
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