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PPP Loan Data — Capital Performance Group LLC,
Washington, DC
Capital Performance Group LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Professional, Scientific, and Technical Services
Location: Washington, DC
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Capital Performance Group LLC is a limited liability company (LLC) located at 1233 20th St Nw Ste 450 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $130,343.00 in February, 2021.
$
PPP Loan Information
Loan #3343268407
Loan Size:
Jobs Retained:
5Loan Approved:
2021-02-04Loan Status:
Active Un-DisbursedLender:
Truist Bank d/b/a Branch Banking & Trust CoCapital Performance Group LLC in Washington, DC received a Paycheck Protection Loan of $130,343 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in February, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $130,343 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in February, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 5 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 6. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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.
Read MoreUnderstanding 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.
Read MoreBased 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, Capital Performance Group LLC's 2019 payroll expenses are estimated to be at least $625,646 (not accounting for salary amounts > $100k).
Because the 5 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Capital Performance Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $130,341
- Utilities: $1
Business Information - Capital Performance Group LLC in Washington, DC
1233 20th St Nw Ste 450
Washington, DC 20036
Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 80 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 5) and received an average PPP loan of $275,730 (compared to this company's $130,343).
Similar Nearby Businesses Who Received PPP Funding:
Langco & Partners
Washington, DC
Institute For Policy Studies
Washington, DC
Sarah Blattberg
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Levine, Blaszak, Block And Boothby, LLP
Washington, DC
Regulatory Network Inc
Washington, DC
Melanie Anne Taylor
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INQ LLC
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Macrostie Historic Advisor LLC
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Washington, DC
Industry PPP Comparison Statistics
Nationwide, 110,498 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7B 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, 20% higher than Capital Performance Group LLC's reported 5 employees, and received an average PPP loan of $63,335, 51% lower than this company's loan of $130,343.
Capital Performance Group, LLC
Entity: Limited Liability Company (LLC)
Industry: Administrative Management and General Management Consulting Services
Location: Washington, DC
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Capital Performance Group, LLC is a limited liability company (LLC) located at 1233 20th St Nw in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $124,392.00 in April, 2020.
$
PPP Loan Information
Loan #8394097008
Loan Size:
Jobs Retained:
7Loan Approved:
2020-04-08Loan Status:
Ongoing LoanLender:
Truist Bank d/b/a Branch Banking & Trust CoCapital Performance Group, LLC in Washington, DC received a Paycheck Protection Loan of $124,392 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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.
Read MoreUnderstanding 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.
Read MoreBased 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, Capital Performance Group, LLC's 2019 payroll expenses are estimated to be at least $597,082.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $85,297 per employee1
Reported PPP Proceed Usage:
On the PPP application, Capital Performance Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $124,392
Business Information - Capital Performance Group, LLC in Washington, DC
1233 20th St Nw
Washington, DC 20036
Business Industry:
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 65 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 7) and received an average PPP loan of $309,024 (compared to this company's $124,392).
Similar Nearby Businesses Who Received PPP Funding:
US Indonesia Society
Washington, DC
Quadra Partners LLC
Washington, DC
Healthy Markets Association
Washington, DC
Viscadia Inc
Washington, DC
Break Something Inc
Washington, DC
Hruckus LLC
Washington, DC
Halifax International Security Forum
Washington, DC
Whelan Advisors LLC
Washington, DC
Enverra Partners LLC
Washington, DC
Industry PPP Comparison Statistics
Nationwide, 74,928 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.09B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 14% lower than Capital Performance Group, LLC's reported 7 employees, and received an average PPP loan of $67,896, 45% lower than this company's loan of $124,392.
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.
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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