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PPP Loan Data — Forest Strategy Group LLC, Alexandria, VA

SBA PPP loan data, payroll data, and salaries for Forest Strategy Group LLC
VA

Forest Strategy Group LLC

Entity: Limited Liability Company (LLC)

Industry: Administrative Management and General Management Consulting Services

Location: Alexandria, VA

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Forest Strategy Group LLC is a limited liability company (LLC) located in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in April, 2020.

$ PPP Loan Information
Loan #3889277307

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2020-04-29

Loan Status:

Paid in Full or Forgiven

Lender:

First Bank of the Lake

Forest Strategy Group LLC in Alexandria, VA received a Paycheck Protection Loan of $20,833 through First Bank of the Lake, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Forest Strategy Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,833

Business Information - Forest Strategy Group LLC in Alexandria, VA

Forest Strategy Group LLC
Alexandria, VA
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Alexandria City County, VA — SBA Office 0353 — Congressional District: VA-08

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Forest Strategy Group LLC.

Old Town Media, LLC
Media Buying Agencies

$4,429 PPP Loan

Commonwealth Lifestyle LLC
Fitness and Recreational Sports Centers

$47,286 PPP Loan

Similar Companies near Alexandria

In the Alexandria area, 108 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 1) and received an average PPP loan of $239,096 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 92,498 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.46B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 5 employees, 400% higher than Forest Strategy Group LLC's reported 1 employees, and received an average PPP loan of $58,976, 183% higher than this company's loan of $20,833.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/forest-strategy-group-llc-alexandria-va