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PPP Loan Data — Select Spectrum LLC,
Mc Lean, VA
Select Spectrum LLC
Entity: Limited Liability Company (LLC)
Industry: Other Scientific and Technical Consulting Services
Location: Mc Lean, VA
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Select Spectrum LLC is a limited liability company (LLC) located at 820 Great Cumberland Rd in Mc Lean, Virginia that received a Coronavirus-related PPP loan from the SBA of $86,260.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
5Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONSelect Spectrum LLC received a Paycheck Protection Loan of $86,260 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
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 0.
Based on standard PPP eligibility rules, Select Spectrum LLC's total 2019 payroll expenses were approximately $414,048 in order to qualify for the PPP loan amount received.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $82,810 per employee1.
Business Information - Select Spectrum LLC in Mc Lean, VA
820 Great Cumberland Rd
Mc Lean, VA 22102
Business Industry
Other Scientific and Technical Consulting Services (NAICS code 541690)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-10Similar Companies near Mc Lean
In the Mc Lean area, 27 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 5) and received an average PPP loan of $776,480 (compared to this company's $86,260).
Similar Nearby Businesses Who Received PPP Funding:
Jdsat, Inc
Mc Lean, VA
Ethos Technologies LLC
Mclean, VA
Continuity Operations Group, LLC
Mc Lean, VA
Global Guardian LLC
Mclean, VA
Goodseeker, Inc.
Mc Lean, VA
A-Tek, Inc.
Mc Lean, VA
Peakhive, Inc.
Vienna, VA
SP Technologies LLC
Mc Lean, VA
Gerrard Consulting Services LLC
Mclean, VA
Industry PPP Comparison Statistics
Nationwide, 14,293 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $1,499,073,773.00 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 7 employees, 40% higher than Select Spectrum LLC's reported 5 employees, and received an average PPP loan of $104,882, 22% higher than this company's loan of $86,260.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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