PPP Loan Data — Lowell Management Company LLC, Woodbridge, VA
Lowell Management Company LLC
Entity: Limited Liability Company (LLC)
Location: Woodbridge, VATweet This • Search All PPP Data
Lowell Management Company LLC is a limited liability company (LLC) located at 13914 Greendale Dr in Woodbridge, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,140.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Freedom Bank of Virginia
Lowell Management Company LLC in Woodbridge, VA received a Paycheck Protection Loan of $25,140 through The Freedom Bank of Virginia, which was approved in January, 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, Lowell Management Company LLC's 2019 payroll expenses are estimated to be at least $120,672.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,134 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lowell Management Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,140
Business Information - Lowell Management Company LLC in Woodbridge, VA
13914 Greendale Dr
Woodbridge, VA 22191
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Woodbridge
In the Woodbridge area, 43 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 5) and received an average PPP loan of $256,201 (compared to this company's $25,140).
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Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, the same amount reported by Lowell Management Company LLC and received an average PPP loan of $58,139, 131% higher than this company's loan of $25,140.
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