PPP Loan Data — Information Systems And Networks Corporation, Bethesda, MD
Information Systems And Networks Corporation
Entity: Subchapter S Corporation
Location: Bethesda, MDTweet This • Search All PPP Data
Information Systems And Networks Corporation is a subchapter s corporation located at 10411 Motor City Drive Suite 700 in Bethesda, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,923,283.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 245 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Information Systems And Networks Corporation received a Paycheck Protection Loan of $3.92M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Information Systems And Networks Corporation's total 2019 payroll expenses were approximately $18.83M in order to qualify for the PPP loan amount received.
Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $76,864 per employee1.
Business Information - Information Systems And Networks Corporation in Bethesda, MD
10411 Motor City Drive Suite 700
Bethesda, MD 20817
Administrative Management and General Management Consulting Services (NAICS code 541611)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MD-06
Similar Companies near Bethesda
In the Bethesda area, 31 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 245) and received an average PPP loan of $168,312 (compared to this company's $3.92M).
Similar Nearby Businesses Who Received PPP Funding:
The Collective Good LLC
Jupiter Digital Solutions LLC
Cabin John, MD
Jennifer K. Berzok
Gail Mutnik Solutions, LLC
Industry PPP Comparison Statistics
Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 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 6 employees, 98% lower than Information Systems And Networks Corporation's reported 245 employees, and received an average PPP loan of $86,242, 98% lower than this company's loan of $3.92M.
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.
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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