PPP Loan Data — Straffic America, LLC, Vienna, VA
Straffic America, LLC is a limited liability company (LLC) located at 1593 Spring Hill Road Suite 125 in Vienna, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
The company has reported itself as an Asian male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KEB Hana Bank USA, National Association
Straffic America, LLC in Vienna, VA received a Paycheck Protection Loan of $25,000 through KEB Hana Bank USA, National Association, which was approved in June, 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, Straffic America, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Straffic America, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $15,000
- Utilities: $10,000
Business Information - Straffic America, LLC in Vienna, VA
1593 Spring Hill Road Suite 125
Vienna, VA 22182
NAICS code 541330
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 Vienna
In the Vienna area, 23 businesses in the "Engineering Services" 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 $377,691 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Dcmobility Holdings Lcc
BAO Khanh T Nguyen
Radical Combustion Technologies, LLC
Astute Engineering LLC
New Dominion Systems Inc
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 550% higher than Straffic America, LLC's reported 2 employees, and received an average PPP loan of $194,873, 679% higher than this company's loan of $25,000.
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Footnotes & Information
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