PPP Loan Data — Scif Partners Group Inc, Marshall, VA
Scif Partners Group Inc is a corporation located at 10149 Wesley Chapel Road in Marshall, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,056.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Scif Partners Group Inc in Marshall, VA received a Paycheck Protection Loan of $25,056 through Wells Fargo Bank, National Association, which was approved in May, 2020.
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, Scif Partners Group Inc's 2019 payroll expenses are estimated to be at least $120,269.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,045 per employee1
Reported PPP Proceed Usage:
On the PPP application, Scif Partners Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,056
Business Information - Scif Partners Group Inc in Marshall, VA
10149 Wesley Chapel Road
Marshall, VA 20115
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Marshall
In the Marshall area, 8 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $61,555 (compared to this company's $25,056).
Similar Nearby Businesses Who Received PPP Funding:
Legg Construction Corp
Gold Cup Fencing & Stables, Inc
Cantrell Septic Services LLC
Adventure Development Team LLC
Dawson's Painting Inc
LCI Industrial, Inc
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 33% higher than Scif Partners Group Inc's reported 6 employees, and received an average PPP loan of $86,076, 244% higher than this company's loan of $25,056.
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Footnotes & Information
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