PPP Loan Data — Variq Corporation,
Rockville, MD
Variq Corporation
Entity: Corporation
Industry: Computer Systems Design Services
Location: Rockville, MD

Variq Corporation is a corporation located at 2600 Tower Oaks Blvd Ste 300 in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $4,210,030.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
215Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONVariq Corporation in Rockville, MD received a Paycheck Protection Loan of $4.21M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Variq Corporation's total 2019 payroll expenses were approximately $20.21M in order to qualify for the PPP loan amount received.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $93,991 per employee1.
Business Information - Variq Corporation in Rockville, MD
2600 Tower Oaks Blvd Ste 300
Rockville, MD 20852
Business Industry
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MD-08Similar Companies near Rockville
In the Rockville area, 13 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 215) and received an average PPP loan of $468,954 (compared to this company's $4.21M).
Similar Nearby Businesses Who Received PPP Funding:
Bonsai Technology Company
Rockville, MD
Opus Group LLC
Rockville, MD
Robert Joseph Consulting LLC
Rockville, MD
Blue Amber Labs LLC
Rockville, MD
Delaney Advantage Technologies LLC
Rockville, MD
Optimoz Inc
Rockville, MD
Iteck Solutions LLC
Rockville, MD
Vecus Systems, LLC
Rockville, MD
Fusionspan, LLC
Rockville, MD
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 95% lower than Variq Corporation's reported 215 employees, and received an average PPP loan of $181,408, 96% lower than this company's loan of $4.21M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!