PPP Loan Data — Schweiker Partners, LLC, Herndon, VA
Schweiker Partners, LLC is a limited liability company (LLC) located at 12511 Nathaniel Oaks Dr in Herndon, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Schweiker Partners, LLC in Herndon, VA received a Paycheck Protection Loan of $25,100 through Truist Bank d/b/a Branch Banking & Trust Co, 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 February, 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, Schweiker Partners, LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Schweiker Partners, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Schweiker Partners, LLC in Herndon, VA
12511 Nathaniel Oaks Dr
Herndon, VA 20171
NAICS code 722511
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 Herndon
In the Herndon area, 109 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 2) and received an average PPP loan of $171,435 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
P & V Corporation
Lucia's Italian Ristorante
Russia House Restaurant
Glory Days Of Reston LLC
Far Star Food Service Coorporation
Elden Restaurant Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 1000% higher than Schweiker Partners, LLC's reported 2 employees, and received an average PPP loan of $129,504, 416% higher than this company's loan of $25,100.
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Footnotes & Information
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