PPP Loan Data — Shafian Tax And Accounting Services PC, Sterling, VA
Shafian Tax And Accounting Services PC is a corporation located at 21430 Cedar Dr in Sterling, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Atlantic Union Bank
Shafian Tax And Accounting Services PC in Sterling, VA received a Paycheck Protection Loan of $25,400 through Atlantic Union Bank, 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, Shafian Tax And Accounting Services PC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shafian Tax And Accounting Services PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Shafian Tax And Accounting Services PC in Sterling, VA
21430 Cedar Dr
Sterling, VA 20164
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sterling
In the Sterling area, 18 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $22,224 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Timothy J Kreber CPA, PC
Cole & Asoociates
Finatech Consulting LLC
Michelle Hur CPA LLC
Sidney Hooper And Associates LLC
Paul G. Miller, CPA
Cole And Associates Inc Mc
Professional Accounting Services Group Inc
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 50% higher than Shafian Tax And Accounting Services PC's reported 4 employees, and received an average PPP loan of $73,772, 190% higher than this company's loan of $25,400.
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Footnotes & Information
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