PPP Loan Data — Language Associates, LLC, Arlington, VA
Language Associates, LLC is a limited liability company (LLC) located at 1901 Fort Myer Drive in Arlington, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,827,285.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Language Associates, LLC in Arlington, VA received a Paycheck Protection Loan of $1.83M through EagleBank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, Language Associates, LLC's 2019 payroll expenses are estimated to be at least $8.77M.
Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $51,292 per employee1
Reported PPP Proceed Usage:
On the PPP application, Language Associates, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,827,285
Business Information - Language Associates, LLC in Arlington, VA
1901 Fort Myer Drive
Arlington, VA 22209
Translation and Interpretation Services
NAICS code 541930
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Arlington
In the Arlington area, 2 businesses in the "Translation and Interpretation Services" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 171) and received an average PPP loan of $914,893 (compared to this company's $1.83M).
Similar Nearby Businesses Who Received PPP Funding:
Passwords Communications Inc
Industry PPP Comparison Statistics
Nationwide, 7,619 businesses in the "Translation and Interpretation Services" industry received a total of $219.09M 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 3 employees, 98% lower than Language Associates, LLC's reported 171 employees, and received an average PPP loan of $28,756, 98% lower than this company's loan of $1.83M.
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Footnotes & Information
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