PPP Loan Data — Favor Techconsulting LLC, Vienna, VA
Favor Techconsulting LLC
Entity: Joint Venture
Location: Vienna, VATweet This • Search All PPP Data
Favor Techconsulting LLC is a joint venture located at 8075 Leesburg Pike in Vienna, Virginia that received a Coronavirus-related PPP loan from the SBA of $7,909,860.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 437 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST NATIONAL BANK OF PENNSYLVANIA
Favor Techconsulting LLC in Vienna, VA received a Paycheck Protection Loan of $7.91M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Favor Techconsulting LLC's total 2019 payroll expenses were approximately $37.97M in order to qualify for the PPP loan amount received.
Based on their reported 437 jobs retained, this equals an estimated average yearly compensation of $86,882 per employee1.
Business Information - Favor Techconsulting LLC in Vienna, VA
8075 Leesburg Pike
Vienna, VA 22182
Internet Publishing and Broadcasting and Web Search Portals (NAICS code 519130)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: VA-11
Similar Companies near Vienna
In the Vienna area, 5 businesses in the "Internet Publishing and Broadcasting and Web Search Portals" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 437) and received an average PPP loan of $1,711,485 (compared to this company's $7.91M).
Similar Nearby Businesses Who Received PPP Funding:
Zurka Interactive LLC
MNE Tax LLC
Competitive Advantage Solutions, LLC
Codec Market, Inc.
Industry PPP Comparison Statistics
Nationwide, 3,039 businesses in the "Internet Publishing and Broadcasting and Web Search Portals" industry received a total of $418,947,833.00 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 8 employees, 98% lower than Favor Techconsulting LLC's reported 437 employees, and received an average PPP loan of $137,857, 98% lower than this company's loan of $7.91M.
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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