PPP Loan Data — Cynet Systems Inc, Sterling, VA
Cynet Systems Inc is a subchapter s corporation located at 21000 Atlantic Blvd #700 in Sterling, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,272,692.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Cynet Systems Inc received a Paycheck Protection Loan of $4.27M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cynet Systems Inc's total 2019 payroll expenses were approximately $20.51M in order to qualify for the PPP loan amount received.
Based on their reported 368 jobs retained, this equals an estimated average yearly compensation of $55,731 per employee1.
Business Information - Cynet Systems Inc in Sterling, VA
21000 Atlantic Blvd #700
Sterling, VA 20166
Other Computer Related Services (NAICS code 541519)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-10
Similar Companies near Sterling
In the Sterling area, 21 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 368) and received an average PPP loan of $642,600 (compared to this company's $4.27M).
Similar Nearby Businesses Who Received PPP Funding:
One Stop Computer Services, LLC
Assurety Consulting, Inc
Accel Strategies LLC
Marathon Ts, Inc.
Vita Tech Inc
Industry PPP Comparison Statistics
Nationwide, 12,205 businesses in the "Other Computer Related Services" industry received a total of $2,142,018,033.00 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 10 employees, 97% lower than Cynet Systems Inc's reported 368 employees, and received an average PPP loan of $175,503, 96% lower than this company's loan of $4.27M.
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