Portal Technologies Corporation in Rockville, MD - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Portal Technologies Corporation, Rockville, MD

Portal Technologies Corporation

Entity: Subchapter S Corporation

Industry: Computer Systems Design Services

Location: Rockville, MD

Portal Technologies Corporation is a subchapter s corporation located in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #9317558600

Loan Size:

$20,833

Jobs Retained:

Loan Approved:

2021-03-25

Loan Status:

Paid in Full or Forgiven

Lender:

Capital One, National Association

Portal Technologies Corporation in Rockville, MD received a Paycheck Protection Loan of $20,833 through Capital One, National Association, which was approved in March, 2021.

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 October, 2021.

PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Portal Technologies Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $20,833

Business Information - Portal Technologies Corporation in Rockville, MD

Portal Technologies Corporation
Rockville, MD
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Computer Systems Design Services
NAICS code 541512

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Montgomery County, MD — SBA Office 0353 — Congressional District: MD-08

Similar Companies near Rockville

In the Rockville area, 42 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 1) and received an average PPP loan of $362,670 (compared to this company's $20,833).

Similar Nearby Businesses Who Received PPP Funding:

Endace USA Limited
Rockville, MD

$441,490 PPP Loan

Neubrain LLC
Rockville, MD

$161,170 PPP Loan

Data Maven Consulting LLC
Rockville, MD

$23,478 PPP Loan

Joshua Lukens
Rockville, MD

$6,658 PPP Loan

Alqimi Technology Solutions Inc
Rockville, MD

$939,455 PPP Loan

Astor & Sanders Corporation
Rockville, MD

$1.01M PPP Loan

Design One Corporation
Rockville, MD

$159,000 PPP Loan

Intellectix Corporation
Rockville, MD

$415,682 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 30,865 businesses in the "Computer Systems Design Services" industry received a total of $4.34B 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 10 employees, 900% higher than Portal Technologies Corporation's reported 1 employees, and received an average PPP loan of $140,681, 575% higher than this company's loan of $20,833.

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.

Search FederalPay's Full PPP Loan Database

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.

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