PPP Loan Data — JMA Solutions LLC, Washington, DC
JMA Solutions LLC is a limited liability company (LLC) located at 600 Maryland Avenue Sw Suite 400e in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $1,598,980.00 in May, 2020.
The company has reported itself as a female veteran owned business, and employed at least 140 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
JMA Solutions LLC in Washington, DC received a Paycheck Protection Loan of $1.6M through Wells Fargo Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, JMA Solutions LLC's 2019 payroll expenses are estimated to be at least $7.68M.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $54,822 per employee1
Reported PPP Proceed Usage:
On the PPP application, JMA Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,598,980
Business Information - JMA Solutions LLC in Washington, DC
600 Maryland Avenue Sw Suite 400e
Washington, DC 20024
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Gender: Female Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 21 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 140) and received an average PPP loan of $222,536 (compared to this company's $1.6M).
Similar Nearby Businesses Who Received PPP Funding:
Missiontech Solutions Inc
DRB Ventures Inc
Conceptual Hospitality LLC
Heartlands International LTD
Jlan Solutions LLC
Messeh Consulting Inc
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 97% lower than JMA Solutions LLC's reported 140 employees, and received an average PPP loan of $44,524, 97% lower than this company's loan of $1.6M.
FederalPay's PPP Information Policy
Footnotes & Information
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