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PPP Loan Data — IBA Proton Therapy Inc, Reston, VA

SBA PPP loan data, payroll data, and salaries for IBA Proton Therapy Inc
VA

IBA Proton Therapy Inc

Entity: Corporation

Industry: Computer Systems Design Services

Location: Reston, VA

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IBA Proton Therapy Inc is a corporation located at 2000 Edmund Halley Drive - Suite 210 in Reston, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,121,061.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.12M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-01

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

IBA Proton Therapy Inc received a Paycheck Protection Loan of $4.12M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, IBA Proton Therapy Inc's total 2019 payroll expenses were approximately $19.78M in order to qualify for the PPP loan amount received.

Unlike most businesses, IBA Proton Therapy Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by IBA Proton Therapy Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - IBA Proton Therapy Inc in Reston, VA

IBA Proton Therapy Inc
2000 Edmund Halley Drive - Suite 210
Reston, VA 20191

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VA-11

Similar Companies near Reston

In the Reston area, 54 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 0) and received an average PPP loan of $739,895 (compared to this company's $4.12M).

Industry PPP Comparison Statistics

Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, and received an average PPP loan of $181,408, 96% lower than this company's loan of $4.12M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/iba-proton-therapy-inc-reston-va