PPP Loan Data — American Society For Training And Development Incorporated, Alexandria, VA
American Society For Training And Development Incorporated is a sole proprietorship located at 1640 King St Fl 3 in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,777,790.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
American Society For Training And Development Incorporated received a Paycheck Protection Loan of $2.78M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, American Society For Training And Development Incorporated's total 2019 payroll expenses were approximately $13.33M in order to qualify for the PPP loan amount received.
Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $86,580 per employee1.
Business Information - American Society For Training And Development Incorporated in Alexandria, VA
1640 King St Fl 3
Alexandria, VA 22314
Professional Organizations (NAICS code 813920)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-08
Similar Companies near Alexandria
In the Alexandria area, 31 businesses in the "Professional Organizations" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 154) and received an average PPP loan of $485,508 (compared to this company's $2.78M).
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Industry PPP Comparison Statistics
Nationwide, 5,854 businesses in the "Professional Organizations" industry received a total of $547,492,722.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 7 employees, 95% lower than American Society For Training And Development Incorporated's reported 154 employees, and received an average PPP loan of $93,525, 97% lower than this company's loan of $2.78M.
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.
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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