FederalPay.org
PPP Loan Data — Pro-Sphere Tek Inc,
Alexandria, VA
Pro-Sphere Tek Inc
Entity: Corporation
Industry: Computer Systems Design Services
Location: Alexandria, VA
Tweet This
•
Search All PPP Data
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
Loan Size:
Jobs Retained:
404Loan Approved:
2020-05-03Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONPro-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
Business Industry
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-08Similar 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
Alexandria, VA
Peak It Inc
Alexandria, VA
Specter Ops, Inc
Alexandria, VA
Nantuit LLC
Alexandria, VA
Adhoc Multimedia Services
Alexandria, VA
Ciracom Incorporated
Alexandria, VA
Mari LLC
Alexandria, VA
Ortman Consulting LLC
Alexandria, VA
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!