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PPP Loan Data — Atcs Plc, Herndon, VA

ALERT: There are a total of 2 PPP loans in our database for businesses with the name "Atcs Plc" in Herndon, VA. Reasoning for multiple loans may include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. See the list of loans under this name and additional details below.

SBA PPP loan data, payroll data, and salaries for Atcs Plc
VA

Atcs Plc

Entity: Limited Liability Company (LLC)

Industry: Engineering Services

Location: Herndon, VA

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Atcs Plc is a limited liability company (LLC) located at 13861 Sunrise Valley Drive in Herndon, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,258,251.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.26M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-01

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

Atcs Plc received a Paycheck Protection Loan of $4.26M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Atcs Plc's total 2019 payroll expenses were approximately $20.44M in order to qualify for the PPP loan amount received.

Unlike most businesses, Atcs Plc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Atcs Plc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Atcs Plc in Herndon, VA

Atcs Plc
13861 Sunrise Valley Drive
Herndon, VA 20171

Business Industry

Engineering Services (NAICS code 541330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VA-10

Similar Companies near Herndon

In the Herndon area, 31 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 0) and received an average PPP loan of $773,497 (compared to this company's $4.26M).

Industry PPP Comparison Statistics

Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, and received an average PPP loan of $249,856, 94% lower than this company's loan of $4.26M.

SBA PPP loan data, payroll data, and salaries for Atcs Plc
VA

Atcs Plc

Entity: Sole Proprietorship

Industry: Executive Search Services

Location: Herndon, VA

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Atcs Plc is a sole proprietorship located at 13861 Sunrise Valley Drive in Herndon, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,494,900.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 248 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.49M

Jobs Retained:

248

Loan Approved:

2020-04-16

Lender:

READYCAP LENDING, LLC

Atcs Plc received a Paycheck Protection Loan of $3.49M through READYCAP LENDING, LLC, which was approved in April, 2020.

Based on standard PPP eligibility rules, Atcs Plc's total 2019 payroll expenses were approximately $16.78M in order to qualify for the PPP loan amount received.

Based on their reported 248 jobs retained, this equals an estimated average yearly compensation of $67,643 per employee1.

Because the loan received by Atcs Plc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Atcs Plc in Herndon, VA

Atcs Plc
13861 Sunrise Valley Drive
Herndon, VA 20171

Business Industry

Executive Search Services (NAICS code 561312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: VA-10

Similar Companies near Herndon

In the Herndon area, 3 businesses in the "Executive Search Services" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 248) and received an average PPP loan of $1,340,208 (compared to this company's $3.49M).

Industry PPP Comparison Statistics

Nationwide, 4,499 businesses in the "Executive Search Services" industry received a total of $602,770,500.00 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 12 employees, 95% lower than Atcs Plc's reported 248 employees, and received an average PPP loan of $133,979, 96% lower than this company's loan of $3.49M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/atcs-plc-herndon-va