PPP Loan Data — JRC Integrated Systems, Inc, Washington, DC
JRC Integrated Systems, Inc is a subchapter s corporation located at 1201 M St Se in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $2,726,300.00 in April, 2020.
$ PPP Loan Information
Lender:ATLANTIC UNION BANK
JRC Integrated Systems, Inc in Washington, DC received a Paycheck Protection Loan of $2.73M through ATLANTIC UNION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, JRC Integrated Systems, Inc's total 2019 payroll expenses were approximately $13.09M in order to qualify for the PPP loan amount received.
Based on their reported 158 jobs retained, this equals an estimated average yearly compensation of $82,824 per employee1.
Business Information - JRC Integrated Systems, Inc in Washington, DC
1201 M St Se
Washington, DC 20003
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: DC-
Similar Companies near Washington
In the Washington area, 12 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 158) and received an average PPP loan of $467,932 (compared to this company's $2.73M).
Similar Nearby Businesses Who Received PPP Funding:
Expression Networks LLC
Arcadia Power, Inc.
Micro Data Technologies LLC
Telligen Infotech Inc
Quattro Consulting LLC
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 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 11 employees, 93% lower than JRC Integrated Systems, Inc's reported 158 employees, and received an average PPP loan of $200,633, 93% lower than this company's loan of $2.73M.
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, 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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