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PPP Loan Data — Riva Solutions Inc,
Mc Lean, VA
Riva Solutions Inc
Entity: Corporation
Industry: Facilities Support Services
Location: Mc Lean, VA
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Riva Solutions Inc is a corporation located at 8000 Westpark Drive Suite 450 in Mc Lean, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,500,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 422 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
422Loan Approved:
2020-04-09Lender:
MVB BANK, INC.Riva Solutions Inc received a Paycheck Protection Loan of $4.5M through MVB BANK, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Riva Solutions Inc's total 2019 payroll expenses were approximately $21.6M in order to qualify for the PPP loan amount received.
Based on their reported 422 jobs retained, this equals an estimated average yearly compensation of $51,185 per employee1.
Business Information - Riva Solutions Inc in Mc Lean, VA
8000 Westpark Drive Suite 450
Mc Lean, VA 22102
Business Industry
Facilities Support Services (NAICS code 561210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: VA-11Similar Companies near Mc Lean
In the Mc Lean area, 3 businesses in the "Facilities Support Services" industry received a PPP loan. These local businesses reported an average of 141 employees (compared to this company's 422) and received an average PPP loan of $2,671,482 (compared to this company's $4.5M).
Similar Nearby Businesses Who Received PPP Funding:
Tech Systems, Inc.
Mc Lean, VA
Jeff Johnson
Mc Lean, VA
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, 95% lower than Riva Solutions Inc's reported 422 employees, and received an average PPP loan of $245,974, 95% lower than this company's loan of $4.5M.
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.
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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