PPP Loan Data — Rinker Design Associates, Manassas, VA
Rinker Design Associates is a subchapter s corporation located at 11100 Endeavor Ct Ste 200 in Manassas, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as an Asian male owned business, and employed at least 130 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Virginia National Bank
Rinker Design Associates in Manassas, VA received a Paycheck Protection Loan of $2M through Virginia National Bank, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Rinker Design Associates' 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $73,846 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rinker Design Associates reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Rinker Design Associates in Manassas, VA
11100 Endeavor Ct Ste 200
Manassas, VA 20109
NAICS code 541330
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Manassas
In the Manassas area, 10 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 130) and received an average PPP loan of $702,647 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
OLH Technical Services, LLC
United Federal Systems, Inc
Suite 300, VA
Ghostrock Systems Development, LLC
MT Everest Engineering LLC
Troy Systems, LLC
Rinker Design Associates, PC
Dorrence Keith Johnson
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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, 90% lower than Rinker Design Associates' reported 130 employees, and received an average PPP loan of $194,873, 90% lower than this company's loan of $2M.
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Footnotes & Information
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