PPP Loan Data — Precise Systems Inc, Lexington Park, MD
Precise Systems Inc
Location: Lexington Park, MDTweet This • Search All PPP Data
Precise Systems Inc is a corporation located at 22290 Exploration Dr in Lexington Park, Maryland that received a Coronavirus-related PPP loan from the SBA of $6,694,600.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Precise Systems Inc received a Paycheck Protection Loan of $6.69M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Precise Systems Inc's total 2019 payroll expenses were approximately $32.13M in order to qualify for the PPP loan amount received.
Based on their reported 470 jobs retained, this equals an estimated average yearly compensation of $68,370 per employee1.
Business Information - Precise Systems Inc in Lexington Park, MD
22290 Exploration Dr
Lexington Park, MD 20653
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-05
Similar Companies near Lexington Park
In the Lexington Park area, 2 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 242 employees (compared to this company's 470) and received an average PPP loan of $3,434,878 (compared to this company's $6.69M).
Similar Nearby Businesses Who Received PPP Funding:
Lexington Park, MD
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than Precise Systems Inc's reported 470 employees, and received an average PPP loan of $74,488, 99% lower than this company's loan of $6.69M.
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