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PPP Loan Data — Quality Support, Inc, Alexandria, VA

SBA PPP loan data, payroll data, and salaries for Quality Support, Inc
VA

Quality Support, Inc

Entity: Subchapter S Corporation

Industry: Facilities Support Services

Location: Alexandria, VA

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Quality Support, Inc is a subchapter s corporation located at 2560 Huntington Ave, Ste 502 in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,123,600.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 198 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.12M

Jobs Retained:

198

Loan Approved:

2020-04-10

Lender:

UNITED BANK

Quality Support, Inc received a Paycheck Protection Loan of $3.12M through UNITED BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Quality Support, Inc's total 2019 payroll expenses were approximately $14.99M in order to qualify for the PPP loan amount received.

Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $75,724 per employee1.

Because the loan received by Quality Support, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Quality Support, Inc in Alexandria, VA

Quality Support, Inc
2560 Huntington Ave, Ste 502
Alexandria, VA 22303

Business Industry

Facilities Support Services (NAICS code 561210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: VETERAN

Congressional District: VA-08

Industry PPP Comparison Statistics

Nationwide, 1,765 businesses in the "Facilities Support Services" industry received a total of $434,144,705.00 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 22 employees, 89% lower than Quality Support, Inc's reported 198 employees, and received an average PPP loan of $245,974, 92% lower than this company's loan of $3.12M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/quality-support-inc-alexandria-va