PPP Loan Data — Fortitude International LLC, Falls Church, VA
Fortitude International LLC is a limited liability company (LLC) located at 800 W Broad St in Falls Church, Virginia that received a Coronavirus-related PPP loan from the SBA of $5,291,965.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Fortitude International LLC in Falls Church, VA received a Paycheck Protection Loan of $5.29M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Fortitude International LLC's total 2019 payroll expenses were approximately $25.4M in order to qualify for the PPP loan amount received.
Based on their reported 418 jobs retained, this equals an estimated average yearly compensation of $60,769 per employee1.
Business Information - Fortitude International LLC in Falls Church, VA
800 W Broad St
Falls Church, VA 22046
Other Waste Collection (NAICS code 562119)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-08
Industry PPP Comparison Statistics
Nationwide, 1,515 businesses in the "Other Waste Collection" industry received a total of $194,498,688.00 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 12 employees, 97% lower than Fortitude International LLC's reported 418 employees, and received an average PPP loan of $128,382, 98% lower than this company's loan of $5.29M.
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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