PPP Loan Data — E & C Mid-Atlantic Ventures LLC, Chantilly, VA
E & C Mid-Atlantic Ventures LLC is a limited liability company (LLC) located at 14016-e Sullyfield Circle in Chantilly, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,908,900.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
E & C Mid-Atlantic Ventures LLC in Chantilly, VA received a Paycheck Protection Loan of $2.91M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, E & C Mid-Atlantic Ventures LLC's total 2019 payroll expenses were approximately $13.96M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $27,925 per employee1.
Business Information - E & C Mid-Atlantic Ventures LLC in Chantilly, VA
14016-e Sullyfield Circle
Chantilly, VA 20151
Gasoline Stations with Convenience Stores (NAICS code 447110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-10
Similar Companies near Chantilly
In the Chantilly area, 7 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 500) and received an average PPP loan of $460,343 (compared to this company's $2.91M).
Similar Nearby Businesses Who Received PPP Funding:
Chahal Investments Inc
Chantilly Associates, Inc.
GUM Spring Auto World
Willard Road Mart, Inc.
Industry PPP Comparison Statistics
Nationwide, 29,511 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $1,334,454,507.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 98% lower than E & C Mid-Atlantic Ventures LLC's reported 500 employees, and received an average PPP loan of $45,219, 98% lower than this company's loan of $2.91M.
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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