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PPP Loan Data — Omega World Travel Inc, Fairfax, VA

SBA PPP loan data, payroll data, and salaries for Omega World Travel Inc
VA

Omega World Travel Inc

Entity: Subchapter S Corporation

Industry: Travel Agencies

Location: Fairfax, VA

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Omega World Travel Inc is a subchapter s corporation located at 3102 Omega Office Park in Fairfax, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,750,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.75M

Jobs Retained:

435

Loan Approved:

2020-04-15

Lender:

PNC BANK, NATIONAL ASSOCIATION

Omega World Travel Inc in Fairfax, VA received a Paycheck Protection Loan of $4.75M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Omega World Travel Inc's total 2019 payroll expenses were approximately $22.8M in order to qualify for the PPP loan amount received.

Based on their reported 435 jobs retained, this equals an estimated average yearly compensation of $52,414 per employee1.

Because the loan received by Omega World Travel Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Omega World Travel Inc in Fairfax, VA

Omega World Travel Inc
3102 Omega Office Park
Fairfax, VA 22031

Business Industry

Travel Agencies (NAICS code 561510)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VA-11

Similar Companies near Fairfax

In the Fairfax area, 12 businesses in the "Travel Agencies" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 435) and received an average PPP loan of $470,919 (compared to this company's $4.75M).

Industry PPP Comparison Statistics

Nationwide, 9,316 businesses in the "Travel Agencies" industry received a total of $500,148,248.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 99% lower than Omega World Travel Inc's reported 435 employees, and received an average PPP loan of $53,687, 99% lower than this company's loan of $4.75M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/omega-world-travel-inc-fairfax-va