PPP Loan Data — Barnallen Technologies, Inc., Rockville, MD
Barnallen Technologies, Inc.
Entity: Subchapter S Corporation
Location: Rockville, MDTweet This • Search All PPP Data
Barnallen Technologies, Inc. is a subchapter s corporation located at 1700 Rockville Pike in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $4,413,345.00 in April, 2020.
$ PPP Loan Information
Lender:ATLANTIC UNION BANK
Barnallen Technologies, Inc. in Rockville, MD received a Paycheck Protection Loan of $4.41M through ATLANTIC UNION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Barnallen Technologies, Inc.'s total 2019 payroll expenses were approximately $21.18M in order to qualify for the PPP loan amount received.
Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $45,557 per employee1.
Business Information - Barnallen Technologies, Inc. in Rockville, MD
1700 Rockville Pike
Rockville, MD 20852
Administrative Management and General Management Consulting Services (NAICS code 541611)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-08
Similar Companies near Rockville
In the Rockville area, 32 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 465) and received an average PPP loan of $642,984 (compared to this company's $4.41M).
Similar Nearby Businesses Who Received PPP Funding:
Instructional Policy Consulting, LLC
Morris Management Inc
A Square Group LLC
Rockville Endoscopy, Inc
Restrat Consulting LLC
George T. Aposporos
Industry PPP Comparison Statistics
Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 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 6 employees, 99% lower than Barnallen Technologies, Inc.'s reported 465 employees, and received an average PPP loan of $86,242, 98% lower than this company's loan of $4.41M.
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, 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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