PPP Loan Data — Brivo Systems LLC, Bethesda, MD
Brivo Systems LLC is a limited liability company (LLC) located at 7700 Old Georgetown Rd., Suite 300 in Bethesda, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,484,885.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Brivo Systems LLC received a Paycheck Protection Loan of $3.48M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Brivo Systems LLC's total 2019 payroll expenses were approximately $16.73M in order to qualify for the PPP loan amount received.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $82,401 per employee1.
Business Information - Brivo Systems LLC in Bethesda, MD
7700 Old Georgetown Rd., Suite 300
Bethesda, MD 20814
Security Systems Services (except Locksmiths) (NAICS code 561621)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-08
Similar Companies near Bethesda
In the Bethesda area, 2 businesses in the "Security Systems Services (except Locksmiths)" industry received a PPP loan. These local businesses reported an average of 112 employees (compared to this company's 203) and received an average PPP loan of $1,962,320 (compared to this company's $3.48M).
Similar Nearby Businesses Who Received PPP Funding:
System I Inc
Industry PPP Comparison Statistics
Nationwide, 5,289 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $839,803,057.00 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 14 employees, 93% lower than Brivo Systems LLC's reported 203 employees, and received an average PPP loan of $158,783, 95% lower than this company's loan of $3.48M.
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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