PPP Loan Data — Cruz Associates, Inc, Poquoson, VA
Cruz Associates, Inc is a corporation located at 6515 George Washington Highway in Poquoson, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,254,000.00 in April, 2020.
$ PPP Loan Information
Lender:VIRGINIA COMMONWEALTH BANK
Cruz Associates, Inc in Poquoson, VA received a Paycheck Protection Loan of $3.25M through VIRGINIA COMMONWEALTH BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cruz Associates, Inc's total 2019 payroll expenses were approximately $15.62M in order to qualify for the PPP loan amount received.
Based on their reported 184 jobs retained, this equals an estimated average yearly compensation of $84,887 per employee1.
Business Information - Cruz Associates, Inc in Poquoson, VA
6515 George Washington Highway
Poquoson, VA 23662
Other Management Consulting Services (NAICS code 541618)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-02
Industry PPP Comparison Statistics
Nationwide, 45,812 businesses in the "Other Management Consulting Services" industry received a total of $2,639,462,577.00 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 4 employees, 98% lower than Cruz Associates, Inc's reported 184 employees, and received an average PPP loan of $57,615, 98% lower than this company's loan of $3.25M.
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Footnotes & Information
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