PPP Loan Data — Metronome, LLC, Fairfax, VA
Metronome, LLC is a limited liability company (LLC) located at 11216 Waples Mill Road Unit 105 in Fairfax, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,383,175.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:City National Bank of Florida
Metronome, LLC in Fairfax, VA received a Paycheck Protection Loan of $2.38M through City National Bank of Florida, which was approved in April, 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, Metronome, LLC's 2019 payroll expenses are estimated to be at least $11.44M.
Based on their reported 123 jobs retained, this equals an estimated average yearly compensation of $93,002 per employee1
Reported PPP Proceed Usage:
On the PPP application, Metronome, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,787,381
- Utilities: $595,794
Business Information - Metronome, LLC in Fairfax, VA
11216 Waples Mill Road Unit 105
Fairfax, VA 22030
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fairfax
In the Fairfax area, 57 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 123) and received an average PPP loan of $221,870 (compared to this company's $2.38M).
Similar Nearby Businesses Who Received PPP Funding:
Wang It Services LLC
SGK Systems LLC
Purple Lanter LLC
Pangeum Interactive Inc
Chakrabarti Management Consultancy, Inc
Industry PPP Comparison Statistics
Nationwide, 31,382 businesses in the "Computer Systems Design Services" industry received a total of $4.35B 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 10 employees, 92% lower than Metronome, LLC's reported 123 employees, and received an average PPP loan of $138,748, 94% lower than this company's loan of $2.38M.
FederalPay's PPP Information Policy
Footnotes & Information
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