PPP Loan Data — Corner Alliance Incorporated, Washington, DC
Corner Alliance Incorporated
Location: Washington, DCTweet This • Search All PPP Data
Corner Alliance Incorporated is a corporation located at 1850 M Street Nw Suite 520 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $826,886.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 49 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Corner Alliance Incorporated in Washington, DC received a Paycheck Protection Loan of $826,886 through Congressional Bank, which was approved in April, 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Corner Alliance Incorporated's 2019 payroll expenses are estimated to be at least $3.97M.
Based on their reported 49 jobs retained, this equals an estimated average yearly compensation of $81,001 per employee1
Reported PPP Proceed Usage:
On the PPP application, Corner Alliance Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $826,886
Business Information - Corner Alliance Incorporated in Washington, DC
1850 M Street Nw Suite 520
Washington, DC 20036
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 70 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 49) and received an average PPP loan of $299,591 (compared to this company's $826,886).
Similar Nearby Businesses Who Received PPP Funding:
Telesolv Consulting, Inc
Gunster Strategies Worldwide Inc
Enverra Partners LLC
Sahara Trading & Consulting Investment LLC
Potomac Square Group LLC
Audubon Enterprises, LLC
FRB Capital Group LLC
Halifax International Security Forum
Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, 90% lower than Corner Alliance Incorporated's reported 49 employees, and received an average PPP loan of $58,139, 93% lower than this company's loan of $826,886.
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Footnotes & Information
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