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PPP Loan Data — Sycom Technologies LLC,
Richmond, VA
Sycom Technologies LLC
Entity: Limited Liability Company (LLC)
Industry: Computer Systems Design Services
Location: Richmond, VA
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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
Loan Size:
Jobs Retained:
141Loan Approved:
2020-04-27Lender:
ATLANTIC UNION BANKSycom 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
Business Industry
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-07Similar 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
Richmond, VA
Forsyte It Solutions, LLC
Richmond, VA
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.
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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