PPP Loan Data — Our Next Economy, LLC, Alexandria, VA
Our Next Economy, LLC
Entity: Subchapter S Corporation
Location: Alexandria, VATweet This • Search All PPP Data
Our Next Economy, LLC is a subchapter s corporation located at 8419 West Boulevard Dr in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $336,767.00 in April, 2020.
$ PPP Loan Information
Lender:BURKE & HERBERT BANK & TRUST COMPANY
Our Next Economy, LLC received a Paycheck Protection Loan of $336,767 through BURKE & HERBERT BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Our Next Economy, LLC's total 2019 payroll expenses were approximately $1.62M in order to qualify for the PPP loan amount received.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $95,087 per employee1.
Business Information - Our Next Economy, LLC in Alexandria, VA
8419 West Boulevard Dr
Alexandria, VA 22308
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-08
Similar Companies near Alexandria
In the Alexandria area, 20 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 17) and received an average PPP loan of $52,918 (compared to this company's $336,767).
Similar Nearby Businesses Who Received PPP Funding:
Gaddy & Associates, Inc.
DPS Advisors LLC
Potomac Policy Group
Wood Lawn Enterprises LLC
Antean Technology, LLC
Bacon Tree Consulting LLC
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 65% lower than Our Next Economy, LLC's reported 17 employees, and received an average PPP loan of $74,488, 78% lower than this company's loan of $336,767.
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.
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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