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PPP Loan Data — Potomac Renewables LLC,
Mc Lean, VA
Potomac Renewables LLC
Entity: Limited Liability Company (LLC)
Industry: Other Scientific and Technical Consulting Services
Location: Mc Lean, VA
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Potomac Renewables LLC is a limited liability company (LLC) located in Mc Lean, Virginia that received a Coronavirus-related PPP loan from the SBA of $6,003.00 in July, 2020.
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 #7365388102
Loan Size:
Jobs Retained:
1Loan Approved:
2020-07-23Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationPotomac Renewables LLC in Mc Lean, VA received a Paycheck Protection Loan of $6,003 through Bank of America, National Association, which was approved in July, 2020.
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 April, 2021.
Reported PPP Proceed Usage:
On the PPP application, Potomac Renewables LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,003
Business Information - Potomac Renewables LLC in Mc Lean, VA
Mc Lean, VA
* Full address is redacted to protect the privacy of individuals.
Business Industry:
Other Scientific and Technical Consulting Services
NAICS code 541690
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Potomac Renewables LLC.
Michael Mcguigan
Environmental Consulting Services
Similar Companies near Mc Lean
In the Mc Lean area, 43 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 1) and received an average PPP loan of $533,150 (compared to this company's $6,003).
Similar Nearby Businesses Who Received PPP Funding:
Ponkshe Consulting
Mc Lean, VA
Earthwide LLC
Mclean, VA
Pelex, Inc
Mclean, VA
Internet Of Things LLC
Mc Lean, VA
Opus Group LLC
Mc Lean, VA
Global Research Analytics LLC
Mclean, VA
CNS Drug Consulting LLC
Mc Lean, VA
Edrive LLC
Mclean, 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, 500% higher than Potomac Renewables LLC's reported 1 employees, and received an average PPP loan of $74,803, 1146% higher than this company's loan of $6,003.
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.
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