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PPP Loan Data — National Capitol Contracting, LLC, Mc Lean, VA

SBA PPP loan data, payroll data, and salaries for National Capitol Contracting, LLC
VA

National Capitol Contracting, LLC

Entity: Limited Liability Company (LLC)

Industry: Media Buying Agencies

Location: Mc Lean, VA

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National Capitol Contracting, LLC is a limited liability company (LLC) located at 8255 Greensboro Dr Suite C100 in Mc Lean, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,674,905.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 100 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5699037009

Loan Size:

$1.67M

Jobs Retained:

100

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

United Bank

National Capitol Contracting, LLC in Mc Lean, VA received a Paycheck Protection Loan of $1.67M through United Bank, 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 April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, National Capitol Contracting, LLC's 2019 payroll expenses are estimated to be at least $8.04M.

Based on their reported 100 jobs retained, this equals an estimated average yearly compensation of $80,395 per employee1

Reported PPP Proceed Usage:

On the PPP application, National Capitol Contracting, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,674,905

Business Information - National Capitol Contracting, LLC in Mc Lean, VA

National Capitol Contracting, LLC
8255 Greensboro Dr Suite C100
Mc Lean, VA 22102

Business Industry:
Media Buying Agencies
NAICS code 541830

Business Owner Demographics

Race: Unreported

Ethnicity: Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fairfax County, VA — SBA Office 0353 — Congressional District: VA-11

Similar Companies near Mc Lean

In the Mc Lean area, 2 businesses in the "Media Buying Agencies" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 100) and received an average PPP loan of $917,606 (compared to this company's $1.67M).

Similar Nearby Businesses Who Received PPP Funding:

Sovereign Media Company, Inc
Mc Lean, VA

$160,307 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 840 businesses in the "Media Buying Agencies" industry received a total of $122.64M 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 9 employees, 91% lower than National Capitol Contracting, LLC's reported 100 employees, and received an average PPP loan of $146,004, 91% lower than this company's loan of $1.67M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/national-capitol-contracting-llc-mc-lean-va