PPP Loan Data — Productiv, Inc, Midlothian, VA
Location: Midlothian, VATweet This • Search All PPP Data
Productiv, Inc is a corporation located at 1157 Jefferson Green Cir in Midlothian, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,188,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 397 people during the applicable loan loan period.
$ PPP Loan Information
Productiv, Inc in Midlothian, VA received a Paycheck Protection Loan of $3.19M through CHESAPEAKE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Productiv, Inc's total 2019 payroll expenses were approximately $15.3M in order to qualify for the PPP loan amount received.
Based on their reported 397 jobs retained, this equals an estimated average yearly compensation of $38,545 per employee1.
Business Information - Productiv, Inc in Midlothian, VA
1157 Jefferson Green Cir
Midlothian, VA 23113
Administrative Management and General Management Consulting Services (NAICS code 541611)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: VA-07
Similar Companies near Midlothian
In the Midlothian area, 17 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 397) and received an average PPP loan of $234,818 (compared to this company's $3.19M).
Similar Nearby Businesses Who Received PPP Funding:
Mark A Macinnis
The Britmor Group LLC
Just'N I Francois
The Axela Group
Inter Materials LLC
In Record Time, LLC
Industry PPP Comparison Statistics
Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 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, 98% lower than Productiv, Inc's reported 397 employees, and received an average PPP loan of $86,242, 97% lower than this company's loan of $3.19M.
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!