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PPP Loan Data — Pragmatics, Inc., Reston, VA

SBA PPP loan data, payroll data, and salaries for Pragmatics, Inc.
VA

Pragmatics, Inc.

Entity: Corporation

Industry: International Affairs

Location: Reston, VA

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Pragmatics, Inc. is a corporation located at 1761 Business Center Dr. in Reston, Virginia that received a Coronavirus-related PPP loan from the SBA of $5,548,037.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.55M

Jobs Retained:

278

Loan Approved:

2020-04-27

Lender:

HARVEST SMALL BUSINESS FINANCE, LLC

Pragmatics, Inc. in Reston, VA received a Paycheck Protection Loan of $5.55M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in April, 2020.

Based on standard PPP eligibility rules, Pragmatics, Inc.'s total 2019 payroll expenses were approximately $26.63M in order to qualify for the PPP loan amount received.

Based on their reported 278 jobs retained, this equals an estimated average yearly compensation of $95,793 per employee1.

Because the loan received by Pragmatics, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Pragmatics, Inc. in Reston, VA

Pragmatics, Inc.
1761 Business Center Dr.
Reston, VA 20190

Business Industry

International Affairs (NAICS code 928120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VA-11

Industry PPP Comparison Statistics

Nationwide, 162 businesses in the "International Affairs" industry received a total of $24,263,514.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 97% lower than Pragmatics, Inc.'s reported 278 employees, and received an average PPP loan of $149,775, 97% lower than this company's loan of $5.55M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pragmatics-inc-reston-va