PPP Loan Data — The Marine Fish Conservation Network, Arlington, VA
The Marine Fish Conservation Network
Entity: Non-profit Organization
Location: Arlington, VATweet This • Search All PPP Data
The Marine Fish Conservation Network is a non-profit organization located at 3033 Wilson Boulevard in Arlington, Virginia that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
The Marine Fish Conservation Network in Arlington, VA received a Paycheck Protection Loan of $47,000 through PNC Bank, National Association, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, The Marine Fish Conservation Network's 2019 payroll expenses are estimated to be at least $225,600 (not accounting for salary amounts > $100k).
Because the 2 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, The Marine Fish Conservation Network reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - The Marine Fish Conservation Network in Arlington, VA
3033 Wilson Boulevard
Arlington, VA 22201
Environment, Conservation and Wildlife Organizations
NAICS code 813312
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Arlington
In the Arlington area, 4 businesses in the "Environment, Conservation and Wildlife Organizations" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 2) and received an average PPP loan of $566,206 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Center For Climate And Energy Solutions, Inc
Restore America's Estuaries
Industry PPP Comparison Statistics
Nationwide, 3,916 businesses in the "Environment, Conservation and Wildlife Organizations" industry received a total of $506.63M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 600% higher than The Marine Fish Conservation Network's reported 2 employees, and received an average PPP loan of $129,375, 175% higher than this company's loan of $47,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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