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PPP Loan Data — Prism Maritime, LLC,
Chesapeake, VA
Prism Maritime, LLC
Entity: Limited Liability Company (LLC)
Industry: Other Scientific and Technical Consulting Services
Location: Chesapeake, VA
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Prism Maritime, LLC is a limited liability company (LLC) located at 1416 Kelland Dr. Suite B in Chesapeake, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,318,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
294Loan Approved:
2020-04-09Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COPrism Maritime, LLC in Chesapeake, VA received a Paycheck Protection Loan of $4.32M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Prism Maritime, LLC's total 2019 payroll expenses were approximately $20.73M in order to qualify for the PPP loan amount received.
Based on their reported 294 jobs retained, this equals an estimated average yearly compensation of $70,503 per employee1.
Business Information - Prism Maritime, LLC in Chesapeake, VA
1416 Kelland Dr. Suite B
Chesapeake, VA 23320
Business Industry
Other Scientific and Technical Consulting Services (NAICS code 541690)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-03Similar Companies near Chesapeake
In the Chesapeake area, 5 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 294) and received an average PPP loan of $925,337 (compared to this company's $4.32M).
Similar Nearby Businesses Who Received PPP Funding:
Pro-Tec Security, Inc
Chesapeake, VA
Tidewater Endocrine Consultant
Chesapeake, VA
MLW Business Services, LLC
Chesapeake, VA
B & P Medical, Inc.
Chesapeake, VA
Industry PPP Comparison Statistics
Nationwide, 14,293 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $1,499,073,773.00 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 7 employees, 98% lower than Prism Maritime, LLC's reported 294 employees, and received an average PPP loan of $104,882, 98% lower than this company's loan of $4.32M.
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.
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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