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PPP Loan Data — Syber Enterprise Group Inc,
Alexandria, VA
Syber Enterprise Group Inc
Entity: Subchapter S Corporation
Industry: Administrative Management and General Management Consulting Services
Location: Alexandria, VA
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Syber Enterprise Group Inc is a subchapter s corporation located at 5680 King Centre Dr in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $49,319.00 in February, 2021.
$
PPP Loan Information
Loan #7831078406
Loan Size:
Jobs Retained:
8Loan Approved:
2021-02-12Loan Status:
Active Un-DisbursedLender:
Capital One, National AssociationSyber Enterprise Group Inc in Alexandria, VA received a Paycheck Protection Loan of $49,319 through Capital One, National Association, which was approved in February, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $49,319 in approved PPP funding has not been disbursed. 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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Syber Enterprise Group Inc's 2019 payroll expenses are estimated to be at least $236,731.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $29,591 per employee1
Reported PPP Proceed Usage:
On the PPP application, Syber Enterprise Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $49,318
Business Information - Syber Enterprise Group Inc in Alexandria, VA
5680 King Centre Dr
Alexandria, VA 22315
Business Industry:
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Alexandria
In the Alexandria area, 101 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 8) and received an average PPP loan of $253,016 (compared to this company's $49,319).
Similar Nearby Businesses Who Received PPP Funding:
Verite Healthcare Consulting LLC
Alexandria, VA
Hall & Associates LLC
Alexandria, VA
Artemel & Associates
Alexandria, VA
Tamu II LLC
Alexandria, VA
Mcchrystal Group, LLC
Alexandria, VA
Optimus Consulting LLC
Alexandria, VA
DJS Financial Services LLC
Alexandria, VA
Virginia Consulting Group LLC
Alexandria, VA
Nickol Global Solutions LLC
Alexandria, VA
Industry PPP Comparison Statistics
Nationwide, 74,928 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.09B 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, 25% lower than Syber Enterprise Group Inc's reported 8 employees, and received an average PPP loan of $67,896, 38% higher than this company's loan of $49,319.
Syber Enterprise Group, Inc
Entity: Subchapter S Corporation
Industry: Administrative Management and General Management Consulting Services
Location: Alexandria, VA
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Syber Enterprise Group, Inc is a subchapter s corporation located at 5680 King Centre in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
$
PPP Loan Information
Loan #3966607304
Loan Size:
Jobs Retained:
8Loan Approved:
2020-04-29Loan Status:
Ongoing LoanLender:
Capital One, National AssociationSyber Enterprise Group, Inc in Alexandria, VA received a Paycheck Protection Loan of $45,800 through Capital One, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Syber Enterprise Group, Inc's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Syber Enterprise Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Syber Enterprise Group, Inc in Alexandria, VA
5680 King Centre
Alexandria, VA 22315
Business Industry:
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Alexandria
In the Alexandria area, 101 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 8) and received an average PPP loan of $253,016 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
Verite Healthcare Consulting LLC
Alexandria, VA
Hall & Associates LLC
Alexandria, VA
Artemel & Associates
Alexandria, VA
Tamu II LLC
Alexandria, VA
Mcchrystal Group, LLC
Alexandria, VA
Optimus Consulting LLC
Alexandria, VA
DJS Financial Services LLC
Alexandria, VA
Virginia Consulting Group LLC
Alexandria, VA
Nickol Global Solutions LLC
Alexandria, VA
Industry PPP Comparison Statistics
Nationwide, 74,928 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.09B 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, 25% lower than Syber Enterprise Group, Inc's reported 8 employees, and received an average PPP loan of $67,896, 48% higher than this company's loan of $45,800.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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