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PPP Loan Data — Team Velocity Marketing, LLC,
Herndon, VA
Team Velocity Marketing, LLC
Entity: Limited Liability Company (LLC)
Industry: Advertising Agencies
Location: Herndon, VA
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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
Loan Size:
Jobs Retained:
290Loan Approved:
2020-04-07Lender:
CITY NATIONAL BANK OF FLORIDATeam 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
Business Industry
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-10Similar 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:
Sorce LLC
Herndon, VA
Surf Media LLC
Herndon, VA
Kelly Anderson & Associates, Inc.
Herndon, VA
Foundation Direct LLC
Herndon, VA
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.
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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