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PPP Loan Data — P2Iv Solutions LLC,
Centreville, VA
P2Iv Solutions LLC
Entity: Limited Liability Company (LLC)
Industry: Other Management Consulting Services
Location: Centreville, VA
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P2Iv Solutions LLC is a limited liability company (LLC) located at 6687 Jackson Fields Ct in Centreville, Virginia that received a Coronavirus-related PPP loan from the SBA of $72,080.00 in January, 2021.
The company has reported itself as an Asian female owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #3000538305
Loan Size:
Jobs Retained:
3Loan Approved:
2021-01-21Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationP2Iv Solutions LLC in Centreville, VA received a Paycheck Protection Loan of $72,080 through Bank of America, National Association, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 3 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 3. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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 MoreUnderstanding 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 MoreBased 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, P2Iv Solutions LLC's 2019 payroll expenses are estimated to be at least $345,984 (not accounting for salary amounts > $100k).
Because the 3 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, P2Iv Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $72,078
Business Information - P2Iv Solutions LLC in Centreville, VA
6687 Jackson Fields Ct
Centreville, VA 20121
Business Industry:
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Centreville
In the Centreville area, 23 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 3) and received an average PPP loan of $213,800 (compared to this company's $72,080).
Similar Nearby Businesses Who Received PPP Funding:
Dairyworld Consulting LLC
Centreville, VA
Katherine Petty Interiors
Centreville, VA
Summit Space Corporation
Centreville, VA
Evolve Training & Consulting LLC
Centreville, VA
International Development & RE
Centreville, VA
VEE Gee Consulting
Centreville, VA
KS Tech Consulting LLC
Centreville, VA
John Kennedy Consulting
Centreville, VA
Industry PPP Comparison Statistics
Nationwide, 82,169 businesses in the "Other Management Consulting Services" industry received a total of $3.7B 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 4 employees, 33% higher than P2Iv Solutions LLC's reported 3 employees, and received an average PPP loan of $45,000, 38% lower than this company's loan of $72,080.
P2Iv Solutions LLC
Entity: Limited Liability Company (LLC)
Industry: Other Scientific and Technical Consulting Services
Location: Centreville, VA
Tweet This
•
Search All PPP Data
P2Iv Solutions LLC is a limited liability company (LLC) located at 6687 Jackson Fields Ct in Centreville, Virginia that received a Coronavirus-related PPP loan from the SBA of $72,079.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #5893497403
Loan Size:
Jobs Retained:
3Loan Approved:
2020-05-13Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationP2Iv Solutions LLC in Centreville, VA received a Paycheck Protection Loan of $72,079 through Bank of America, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 3 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 3. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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 MoreUnderstanding 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 MoreBased 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, P2Iv Solutions LLC's 2019 payroll expenses are estimated to be at least $345,979 (not accounting for salary amounts > $100k).
Because the 3 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, P2Iv Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $72,079
Business Information - P2Iv Solutions LLC in Centreville, VA
6687 Jackson Fields Ct
Centreville, VA 20121
Business Industry:
Other Scientific and Technical Consulting Services
NAICS code 541690
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Centreville
In the Centreville area, 16 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $37,951 (compared to this company's $72,079).
Similar Nearby Businesses Who Received PPP Funding:
Muhammad Azhar
Centreville, VA
Netone LLC
Centreville, VA
Envolve Media LLC
Centreville, VA
Sjpk Mobility LLC
Centreville, VA
The Orbital Mechanic, LLC
Centreville, VA
ADI Project Services Inc
Centreville, VA
Smart Solutions Inc
Centreville, VA
Rank High Local LLC
Centreville, VA
Industry PPP Comparison Statistics
Nationwide, 27,930 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $2.09B 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 6 employees, 100% higher than P2Iv Solutions LLC's reported 3 employees, and received an average PPP loan of $74,803, 4% higher than this company's loan of $72,079.
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. 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.
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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