PPP Loan Data — Sycom Technologies LLC, Richmond, VA
Sycom Technologies LLC is a limited liability company (LLC) located at 1801 Bayberry Ct in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,781,970.00 in April, 2020.
$ PPP Loan Information
Lender:ATLANTIC UNION BANK
Sycom Technologies LLC received a Paycheck Protection Loan of $2.78M through ATLANTIC UNION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sycom Technologies LLC's total 2019 payroll expenses were approximately $13.35M in order to qualify for the PPP loan amount received.
Based on their reported 141 jobs retained, this equals an estimated average yearly compensation of $94,705 per employee1.
Business Information - Sycom Technologies LLC in Richmond, VA
1801 Bayberry Ct
Richmond, VA 23226
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-07
Similar Companies near Richmond
In the Richmond area, 3 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 141) and received an average PPP loan of $1,070,957 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Sitterding Solutions LLC
Forsyte It Solutions, LLC
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 93% lower than Sycom Technologies LLC's reported 141 employees, and received an average PPP loan of $181,408, 93% lower than this company's loan of $2.78M.
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Footnotes & Information
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