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PPP Loan Data — Cruz Associates, Inc,
Poquoson, VA
Cruz Associates, Inc
Entity: Corporation
Industry: Other Management Consulting Services
Location: Poquoson, VA
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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
Loan Size:
Jobs Retained:
184Loan Approved:
2020-04-06Lender:
VIRGINIA COMMONWEALTH BANKCruz 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
Business Industry
Other Management Consulting Services (NAICS code 541618)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-02Industry 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.
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, 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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