PPP Loan Data — Tiber Creek Consulting Inc, Fairfax, VA
Tiber Creek Consulting Inc is a corporation located at 12015 Suite 600 Lee Jackson Memorial Hwy in Fairfax, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,860,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 104 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Clarke County
Tiber Creek Consulting Inc in Fairfax, VA received a Paycheck Protection Loan of $1.86M through Bank of Clarke County, which was approved in April, 2020.
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, Tiber Creek Consulting Inc's 2019 payroll expenses are estimated to be at least $8.93M.
Based on their reported 104 jobs retained, this equals an estimated average yearly compensation of $85,855 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tiber Creek Consulting Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,860,200
Business Information - Tiber Creek Consulting Inc in Fairfax, VA
12015 Suite 600 Lee Jackson Memorial Hwy
Fairfax, VA 22033
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fairfax
In the Fairfax area, 30 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 104) and received an average PPP loan of $194,168 (compared to this company's $1.86M).
Similar Nearby Businesses Who Received PPP Funding:
AZA Solutions LLC
Optimum Solutions Inc
Ascentsoft Solutions LLC
Owens Anderson LLC
Metadata Management Corporation, LTD
Industry PPP Comparison Statistics
Nationwide, 43,326 businesses in the "Custom Computer Programming Services" industry received a total of $6.67B 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 10 employees, 90% lower than Tiber Creek Consulting Inc's reported 104 employees, and received an average PPP loan of $153,857, 92% lower than this company's loan of $1.86M.
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Footnotes & Information
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