PPP Loan Data — Team Velocity Marketing, LLC, Herndon, VA
Team Velocity Marketing, LLC is a limited liability company (LLC) located at 13025 Sunrise Valley Drive, Ste. 150, in Herndon, Virginia that received a Coronavirus-related PPP loan from the SBA of $5,087,200.00 in April, 2020.
$ PPP Loan Information
Lender:CITY NATIONAL BANK OF FLORIDA
Team Velocity Marketing, LLC received a Paycheck Protection Loan of $5.09M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Team Velocity Marketing, LLC's total 2019 payroll expenses were approximately $24.42M in order to qualify for the PPP loan amount received.
Based on their reported 290 jobs retained, this equals an estimated average yearly compensation of $84,202 per employee1.
Business Information - Team Velocity Marketing, LLC in Herndon, VA
13025 Sunrise Valley Drive, Ste. 150,
Herndon, VA 20171
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-10
Similar Companies near Herndon
In the Herndon area, 5 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 290) and received an average PPP loan of $1,139,294 (compared to this company's $5.09M).
Similar Nearby Businesses Who Received PPP Funding:
Surf Media LLC
Kelly Anderson & Associates, Inc.
Foundation Direct LLC
Industry PPP Comparison Statistics
Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 8 employees, 97% lower than Team Velocity Marketing, LLC's reported 290 employees, and received an average PPP loan of $126,253, 98% lower than this company's loan of $5.09M.
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Footnotes & Information
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