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PPP Loan Data — Omega World Travel Inc,
Fairfax, 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:
Jobs Retained:
435Loan Approved:
2020-04-15Lender:
PNC BANK, NATIONAL ASSOCIATIONOmega 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.
Business Information - Omega World Travel Inc in Fairfax, VA
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-11Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Glory Travel Inc
Fairfax, VA
Aero Nepal Travels Inc.
Fairfax, VA
Sentry Force Security
Fairfax, VA
Keytours International Inc.
Fairfax, VA
Big Lake Vacations LLC
Fairfax, VA
Mongolian Travel USA, Inc
Fairfax, VA
Erin White
Fairfax, VA
IGC, Inc
Fairfax, VA
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.
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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