PPP Loan Data — National Capitol Contracting, LLC, Mc Lean, VA
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 Status:Paid in Full or Forgiven
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
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, 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
8255 Greensboro Dr Suite C100
Mc Lean, VA 22102
Media Buying Agencies
NAICS code 541830
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
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
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
Footnotes & Information
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