PPP Loan Data — Variq Corporation, 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
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Variq 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
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-08
Similar 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
Opus Group LLC
Robert Joseph Consulting LLC
Blue Amber Labs LLC
Delaney Advantage Technologies LLC
Iteck Solutions LLC
Vecus Systems, LLC
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.
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