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PPP Loan Data — The Hanover Research Council, LLC, Arlington, VA

SBA PPP loan data, payroll data, and salaries for The Hanover Research Council, LLC
VA

The Hanover Research Council, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Management Consulting Services

Location: Arlington, VA

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The Hanover Research Council, LLC is a limited liability company (LLC) located at 4401 Wilson Boulevard in Arlington, Virginia that received a Coronavirus-related PPP loan from the SBA of $5,999,150.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 371 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$6M

Jobs Retained:

371

Loan Approved:

2020-04-10

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

The Hanover Research Council, LLC in Arlington, VA received a Paycheck Protection Loan of $6M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Hanover Research Council, LLC's total 2019 payroll expenses were approximately $28.8M in order to qualify for the PPP loan amount received.

Based on their reported 371 jobs retained, this equals an estimated average yearly compensation of $77,617 per employee1.

Because the loan received by The Hanover Research Council, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Hanover Research Council, LLC in Arlington, VA

The Hanover Research Council, LLC
4401 Wilson Boulevard
Arlington, VA 22203

Business Industry

Other Management Consulting Services (NAICS code 541618)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: VA-08

Similar Companies near Arlington

In the Arlington area, 31 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 371) and received an average PPP loan of $284,688 (compared to this company's $6M).

Industry PPP Comparison Statistics

Nationwide, 45,812 businesses in the "Other Management Consulting Services" industry received a total of $2,639,462,577.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 99% lower than The Hanover Research Council, LLC's reported 371 employees, and received an average PPP loan of $57,615, 99% lower than this company's loan of $6M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/the-hanover-research-council-llc-arlington-va