PPP Loan Data — Independent Project Analysis Inc, Ashburn, VA
Independent Project Analysis Inc is a subchapter s corporation located at 44426 Atwater Dr in Ashburn, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,621,400.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Independent Project Analysis Inc received a Paycheck Protection Loan of $2.62M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 119 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 126.
Based on standard PPP eligibility rules, Independent Project Analysis Inc's total 2019 payroll expenses were approximately $12.58M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 119 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Independent Project Analysis Inc in Ashburn, VA
44426 Atwater Dr
Ashburn, VA 20147
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-10
Similar Companies near Ashburn
In the Ashburn area, 15 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 119) and received an average PPP loan of $482,713 (compared to this company's $2.62M).
Similar Nearby Businesses Who Received PPP Funding:
Stonebridge Civil LLC
Pavement Technical Solutions, Inc.
United Structural Engineers, Inc
Nedia Enterprises Inc
Kapax Solutions LLC
Gall Zeidler Consultants LLC
Security Mantra Corp
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 88% lower than Independent Project Analysis Inc's reported 119 employees, and received an average PPP loan of $249,856, 90% lower than this company's loan of $2.62M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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