PPP Loan Data — Powertek Corporation, Rockville, MD
Powertek Corporation is a corporation located at 9420 Key West Ave in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,645,600.00 in April, 2020.
$ PPP Loan Information
Powertek Corporation received a Paycheck Protection Loan of $2.65M through UNITED BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Powertek Corporation's total 2019 payroll expenses were approximately $12.7M in order to qualify for the PPP loan amount received.
Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $94,768 per employee1.
Business Information - Powertek Corporation in Rockville, MD
9420 Key West Ave
Rockville, MD 20850
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-06
Similar Companies near Rockville
In the Rockville area, 33 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 134) and received an average PPP loan of $648,641 (compared to this company's $2.65M).
Similar Nearby Businesses Who Received PPP Funding:
KMM Technologies Inc
CDF Web Solutions, LLC
ECC It Solutions LLC
Speak Agent Inc
Ivory Cloud LLC
Stellar It Solutions Inc
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 92% lower than Powertek Corporation's reported 134 employees, and received an average PPP loan of $200,633, 92% lower than this company's loan of $2.65M.
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Footnotes & Information
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