PPP Loan Data — S2 Analytical Solutions LLC, Herndon, VA
S2 Analytical Solutions LLC
Entity: Limited Liability Company (LLC)
Location: Herndon, VATweet This • Search All PPP Data
S2 Analytical Solutions LLC is a limited liability company (LLC) located at 625 Elden St. Suite 202 in Herndon, Virginia that received a Coronavirus-related PPP loan from the SBA of $6,774,605.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 276 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FULTON BANK, NATIONAL ASSOCIATION
S2 Analytical Solutions LLC in Herndon, VA received a Paycheck Protection Loan of $6.77M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 276 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 325.
Based on standard PPP eligibility rules, S2 Analytical Solutions LLC's total 2019 payroll expenses were approximately $32.52M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 276 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - S2 Analytical Solutions LLC in Herndon, VA
625 Elden St. Suite 202
Herndon, VA 20170
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: VETERANCongressional District: VA-10
Similar Companies near Herndon
In the Herndon area, 31 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 276) and received an average PPP loan of $418,868 (compared to this company's $6.77M).
Similar Nearby Businesses Who Received PPP Funding:
AA Driving Academy, Inc.
Piedmont Fund Services Inc
Smart Charity, LLC
Forrest Environmental Services, Inc.
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 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 S2 Analytical Solutions LLC's reported 276 employees, and received an average PPP loan of $74,488, 99% lower than this company's loan of $6.77M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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