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PPP Loan Data — Snap, Inc., Chantilly, VA

SBA PPP loan data, payroll data, and salaries for Snap, Inc.
VA

Snap, Inc.

Entity: Corporation

Industry: Administrative Management and General Management Consulting Services

Location: Chantilly, VA

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Snap, Inc. is a corporation located at 4080 Lafayette Center Dr in Chantilly, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,501,874.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 145 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.5M

Jobs Retained:

145

Loan Approved:

2020-04-09

Lender:

OLD DOMINION NATIONAL BANK

Snap, Inc. received a Paycheck Protection Loan of $2.5M through OLD DOMINION NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Snap, Inc.'s total 2019 payroll expenses were approximately $12.01M in order to qualify for the PPP loan amount received.

Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $82,821 per employee1.

Because the loan received by Snap, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Snap, Inc. in Chantilly, VA

Snap, Inc.
4080 Lafayette Center Dr
Chantilly, VA 20151

Business Industry

Administrative Management and General Management Consulting Services (NAICS code 541611)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: VA-10

Similar Companies near Chantilly

In the Chantilly area, 33 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 145) and received an average PPP loan of $346,561 (compared to this company's $2.5M).

Industry PPP Comparison Statistics

Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 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, 96% lower than Snap, Inc.'s reported 145 employees, and received an average PPP loan of $86,242, 97% lower than this company's loan of $2.5M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/snap-inc-chantilly-va