PPP Loan Data — Strategic Business Systems, Inc., Chantilly, VA
Strategic Business Systems, Inc. is a subchapter s corporation located at 5180 Parkstone Drive in Chantilly, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,940,500.00 in April, 2020.
$ PPP Loan Information
Lender:ATLANTIC UNION BANK
Strategic Business Systems, Inc. received a Paycheck Protection Loan of $2.94M through ATLANTIC UNION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Strategic Business Systems, Inc.'s total 2019 payroll expenses were approximately $14.11M in order to qualify for the PPP loan amount received.
Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $73,513 per employee1.
Business Information - Strategic Business Systems, Inc. in Chantilly, VA
5180 Parkstone Drive
Chantilly, VA 20151
Other Computer Related Services (NAICS code 541519)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-10
Similar Companies near Chantilly
In the Chantilly area, 36 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 192) and received an average PPP loan of $544,802 (compared to this company's $2.94M).
Similar Nearby Businesses Who Received PPP Funding:
Kudu Dynamics LLC
Solution Guidance Corporation
Netlogic Solutions Inc
Canopy One Solutions Inc
Copper River Information Technology
TCB Associates Inc
Eleview International Inc.
WAM Devtech, Inc.
Industry PPP Comparison Statistics
Nationwide, 12,205 businesses in the "Other Computer Related Services" industry received a total of $2,142,018,033.00 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 10 employees, 95% lower than Strategic Business Systems, Inc.'s reported 192 employees, and received an average PPP loan of $175,503, 94% lower than this company's loan of $2.94M.
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.
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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