PPP Loan Data — Insight Technology Solutions Inc., Bowie, MD
Insight Technology Solutions Inc.
Entity: Subchapter S Corporation
Location: Bowie, MDTweet This • Search All PPP Data
Insight Technology Solutions Inc. is a subchapter s corporation located at 17251 Melford Blvd Ste 100 in Bowie, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,778,610.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 175 people during the applicable loan loan period.
$ PPP Loan Information
Lender:WESBANCO BANK, INC.
Insight Technology Solutions Inc. in Bowie, MD received a Paycheck Protection Loan of $2.78M through WESBANCO BANK, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Insight Technology Solutions Inc.'s total 2019 payroll expenses were approximately $13.34M in order to qualify for the PPP loan amount received.
Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $76,213 per employee1.
Business Information - Insight Technology Solutions Inc. in Bowie, MD
17251 Melford Blvd Ste 100
Bowie, MD 20715
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: MD-05
Similar Companies near Bowie
In the Bowie area, 12 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 175) and received an average PPP loan of $249,837 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Ikeozi Professional Services LLC
On-Line Payroll, LLC
Anngia Marie Wood
Broad Reach Consulting, Inc.
North Beach, MD
Thrifty Fix LLC
Jonny Insurance Agency Inc.
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 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, 97% lower than Insight Technology Solutions Inc.'s reported 175 employees, and received an average PPP loan of $74,488, 97% lower than this company's loan of $2.78M.
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