PPP Loan Data — Urban LTD, Annandale, VA
Urban LTD is a subchapter s corporation located at 7712 Little River Tpke in Annandale, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,876,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Urban LTD in Annandale, VA received a Paycheck Protection Loan of $1.88M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Urban LTD's 2019 payroll expenses are estimated to be at least $9.01M.
Based on their reported 107 jobs retained, this equals an estimated average yearly compensation of $84,161 per employee1
Reported PPP Proceed Usage:
On the PPP application, Urban LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,876,100
Business Information - Urban LTD in Annandale, VA
7712 Little River Tpke
Annandale, VA 22003
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Annandale
In the Annandale area, 43 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 107) and received an average PPP loan of $54,705 (compared to this company's $1.88M).
Similar Nearby Businesses Who Received PPP Funding:
El Melody LLC
JI Hyun Bae LLC
Best Quality Cleaners Services LLC
Four Season Wellness Inc
Eagle Tae Kwon DO Academy LLC
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 97% lower than Urban LTD's reported 107 employees, and received an average PPP loan of $23,676, 99% lower than this company's loan of $1.88M.
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Footnotes & Information
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