PPP Loan Data — Pro-Sphere Tek Inc, Alexandria, VA
Pro-Sphere Tek Inc is a corporation located at 1101 King St Ste 200 in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $7,363,986.00 in May, 2020.
The company has reported itself as a White owned business, and employed at least 404 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Pro-Sphere Tek Inc in Alexandria, VA received a Paycheck Protection Loan of $7.36M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Pro-Sphere Tek Inc's total 2019 payroll expenses were approximately $35.35M in order to qualify for the PPP loan amount received.
Based on their reported 404 jobs retained, this equals an estimated average yearly compensation of $87,493 per employee1.
Business Information - Pro-Sphere Tek Inc in Alexandria, VA
1101 King St Ste 200
Alexandria, VA 22314
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: VA-08
Similar Companies near Alexandria
In the Alexandria area, 9 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 404) and received an average PPP loan of $1,061,239 (compared to this company's $7.36M).
Similar Nearby Businesses Who Received PPP Funding:
Business Performance Systems LLC
Peak It Inc
Specter Ops, Inc
Adhoc Multimedia Services
Ortman Consulting LLC
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 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 10 employees, 98% lower than Pro-Sphere Tek Inc's reported 404 employees, and received an average PPP loan of $181,408, 98% lower than this company's loan of $7.36M.
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Footnotes & Information
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