PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Quinn Consulting Services Incorporated, Chantilly, VA

ALERT: There are 2 PPP loans for a total of $5.34M in our database for businesses with the name "Quinn Consulting Services Incorporated" in Chantilly, VA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Quinn Consulting Services Incorporated
VA

Quinn Consulting Services Incorporated

Entity: Subchapter S Corporation

Industry: Engineering Services

Location: Chantilly, VA

Search All PPP Data

Quinn Consulting Services Incorporated is a subchapter s corporation located at 14160 Newbrook Dr Ste 220 in Chantilly, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

The company has reported itself as a female owned business, and employed at least 182 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1035378600

Loan Size:

$2M

Jobs Retained:

182

Loan Approved:

2021-03-12

Loan Status:

Ongoing Loan

Lender:

United Bank

Quinn Consulting Services Incorporated in Chantilly, VA received a Paycheck Protection Loan of $2M through United Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Quinn Consulting Services Incorporated's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 182 jobs retained, this equals an estimated average yearly compensation of $52,747 per employee1

Reported PPP Proceed Usage:

On the PPP application, Quinn Consulting Services Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,997
  • Utilities: $1
Because the loan received by Quinn Consulting Services Incorporated 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 - Quinn Consulting Services Incorporated in Chantilly, VA

Quinn Consulting Services Incorporated
14160 Newbrook Dr Ste 220
Chantilly, VA 20151

Business Industry:
Engineering Services
NAICS code 541330

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fairfax County, VA — SBA Office 0353 — Congressional District: VA-10

Similar Companies near Chantilly

In the Chantilly area, 50 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 182) and received an average PPP loan of $430,359 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 46,579 businesses in the "Engineering Services" industry received a total of $9.17B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 13 employees, 93% lower than Quinn Consulting Services Incorporated's reported 182 employees, and received an average PPP loan of $196,935, 90% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Quinn Consulting Services Incorporated
VA

Quinn Consulting Services Incorporated

Entity: Subchapter S Corporation

Industry: Engineering Services

Location: Chantilly, VA

Search All PPP Data

Quinn Consulting Services Incorporated is a subchapter s corporation located at 14160 Newbrook Drive Suite 220 in Chantilly, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,336,473.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 177 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5798617001

Loan Size:

$3.34M

Jobs Retained:

177

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

United Bank

Quinn Consulting Services Incorporated in Chantilly, VA received a Paycheck Protection Loan of $3.34M through United Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Quinn Consulting Services Incorporated's 2019 payroll expenses are estimated to be at least $16.02M.

Based on their reported 177 jobs retained, this equals an estimated average yearly compensation of $90,481 per employee1

Reported PPP Proceed Usage:

On the PPP application, Quinn Consulting Services Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,336,473
Because the loan received by Quinn Consulting Services Incorporated 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 - Quinn Consulting Services Incorporated in Chantilly, VA

Quinn Consulting Services Incorporated
14160 Newbrook Drive Suite 220
Chantilly, VA 20151

Business Industry:
Engineering Services
NAICS code 541330

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fairfax County, VA — SBA Office 0353 — Congressional District: VA-10

Similar Companies near Chantilly

In the Chantilly area, 50 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 177) and received an average PPP loan of $430,359 (compared to this company's $3.34M).

Industry PPP Comparison Statistics

Nationwide, 46,579 businesses in the "Engineering Services" industry received a total of $9.17B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 13 employees, 93% lower than Quinn Consulting Services Incorporated's reported 177 employees, and received an average PPP loan of $196,935, 94% lower than this company's loan of $3.34M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/quinn-consulting-services-incorporated-chantilly-va