PPP Loan Data — Blueprint Automation Inc, South Chesterfield, VA

Blueprint Automation Inc

Entity: Subchapter S Corporation

Industry: Unknown

Location: South Chesterfield, VA

Blueprint Automation Inc is a subchapter s corporation located at 16037 Innovation Dr in South Chesterfield, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,540,100.00 in May, 2020.

$ PPP Loan Information
Loan #7586897709

Loan Size:

$3.54M

Jobs Retained:

180

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

PNC Bank, National Association

Blueprint Automation Inc in South Chesterfield, VA received a Paycheck Protection Loan of $3.54M through PNC Bank, National Association, which was approved in May, 2020.

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. The loan's status was last updated by the SBA in February, 2022.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

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, Blueprint Automation Inc's 2019 payroll expenses are estimated to be at least $16.99M.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $94,403 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Blueprint Automation Inc reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $3,540,100

Because the loan received by Blueprint Automation Inc 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 - Blueprint Automation Inc in South Chesterfield, VA

Blueprint Automation Inc
16037 Innovation Dr
South Chesterfield, VA 23834

Business Industry:
Unknown
NAICS code 0

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Chesterfield County, VA — SBA Office 0304 — Congressional District: VA-04

Similar Companies near South Chesterfield

In the South Chesterfield area, 688 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 180) and received an average PPP loan of $58,439 (compared to this company's $3.54M).

Similar Nearby Businesses Who Received PPP Funding:

S Peak Projects
South Chesterfield, VA

$37,500 PPP Loan

Michael Lee, Esquire, PC
Colonial Heights, VA

$7,066 PPP Loan

Platinum Medical Billing And Consulting LLC
S Chesterfield, VA

$21,250 PPP Loan

Heith Harris
Colonial Heights, VA

$3,470 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 132,325 businesses in the "Unknown" industry received a total of $5.85B 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 13 employees, 93% lower than Blueprint Automation Inc's reported 180 employees, and received an average PPP loan of $44,230, 99% lower than this company's loan of $3.54M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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