PPP Loan Data — LTM Inc, Manassas, VA
LTM Inc is a corporation located at 9161 Liberia Ave Ste 305 in Manassas, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,390,085.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
LTM Inc in Manassas, VA received a Paycheck Protection Loan of $3.39M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, LTM Inc's total 2019 payroll expenses were approximately $16.27M in order to qualify for the PPP loan amount received.
Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $66,418 per employee1.
Business Information - LTM Inc in Manassas, VA
9161 Liberia Ave Ste 305
Manassas, VA 20110
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-10
Similar Companies near Manassas
In the Manassas area, 13 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 245) and received an average PPP loan of $424,479 (compared to this company's $3.39M).
Similar Nearby Businesses Who Received PPP Funding:
Renaissance Associates, Inc.
Schools & Townsend, PC
TR Mechanical LLC
Gill Engineering Group Plc
Black Willow Inc
WDP Consulting Engineers, PC
Soil Consultants Engineering LLC
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 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 14 employees, 94% lower than LTM Inc's reported 245 employees, and received an average PPP loan of $249,856, 93% lower than this company's loan of $3.39M.
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