PPP Loan Data — The Hanover Research Council, LLC, Arlington, VA
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
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.
Business Information - The Hanover Research Council, LLC in Arlington, VA
4401 Wilson Boulevard
Arlington, VA 22203
Other Management Consulting Services (NAICS code 541618)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
GL Solutions Inc.
Malbay Strategic Consulting, LLC
Trident Consulting Group, LLC
Blue Capture Consulting LLC
Incite International LLC
Grove Street Investment, LLC
Arlington Consultants Group, LLC
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.
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Footnotes & Information
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