PPP Loan Data — Pro-Sphere Tek Inc,
Alexandria, VA
Pro-Sphere Tek Inc
Entity: Corporation
Industry: Computer Systems Design Services
Location: 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
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
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Peak It Inc
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Specter Ops, Inc
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Nantuit LLC
Alexandria, VA
Adhoc Multimedia Services
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Ciracom Incorporated
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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.
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