PPP Loan Data — Strategic Operational Solutions Inc, Vienna, VA
Strategic Operational Solutions Inc
Location: Vienna, VATweet This • Search All PPP Data
Strategic Operational Solutions Inc is a corporation located at 8391 Old Courthouse Rd Ste 300 in Vienna, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,435,774.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Strategic Operational Solutions Inc in Vienna, VA received a Paycheck Protection Loan of $2.44M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 66 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
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 117.
Based on standard PPP eligibility rules, Strategic Operational Solutions Inc's total 2019 payroll expenses were approximately $11.69M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 66 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Strategic Operational Solutions Inc in Vienna, VA
8391 Old Courthouse Rd Ste 300
Vienna, VA 22182
Administrative Management and General Management Consulting Services (NAICS code 541611)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-11
Similar Companies near Vienna
In the Vienna area, 47 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 66) and received an average PPP loan of $382,009 (compared to this company's $2.44M).
Similar Nearby Businesses Who Received PPP Funding:
New Genesis LLC
Crestview Technologies, Inc.
The Caviart Group, LLC
L Squared Consulting LLC
Defense Planning Corporation
KSA Group, LLC
Tikras Technology Solutions Corp
TRW Consulting Services, Inc.
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, 91% lower than Strategic Operational Solutions Inc's reported 66 employees, and received an average PPP loan of $86,242, 96% lower than this company's loan of $2.44M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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