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PPP Loan Data — Ventera Corporation,
Reston, VA
Ventera Corporation
Entity: Corporation
Industry: Data Processing, Hosting, and Related Services
Location: Reston, VA
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Ventera Corporation is a corporation located at 1881 Campus Commons Dr Ste 350 in Reston, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,750,000.00 in February, 2021.
$
PPP Loan Information
Loan #1696198406
Loan Size:
Jobs Retained:
191Loan Approved:
2021-02-02Loan Status:
Paid in Full or ForgivenLender:
John Marshall BankVentera Corporation in Reston, VA received a Paycheck Protection Loan of $1.75M through John Marshall Bank, which was approved in February, 2021.
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 March, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Ventera Corporation's 2019 payroll expenses are estimated to be at least $8.4M.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $43,979 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ventera Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,750,000
Business Information - Ventera Corporation in Reston, VA
1881 Campus Commons Dr Ste 350
Reston, VA 20191
Business Industry:
Data Processing, Hosting, and Related Services
NAICS code 518210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Reston
In the Reston area, 15 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 191) and received an average PPP loan of $657,956 (compared to this company's $1.75M).
Similar Nearby Businesses Who Received PPP Funding:
Orock Technologies, Inc
Reston, VA
Perfect Sense, Inc
Reston, VA
Intellicatch, Inc
Reston, VA
TMI USA Inc
Reston, VA
Hemisphere Capital Partners LLC
Reston, VA
Trifecta Solutions LLC
Reston, VA
Upper Quadrant Inc
Reston, VA
Worldi Inc DBA Cirrus Seven Inc
Reston, VA
Industry PPP Comparison Statistics
Nationwide, 9,828 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1.38B 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, 95% lower than Ventera Corporation's reported 191 employees, and received an average PPP loan of $140,859, 92% lower than this company's loan of $1.75M.
Ventera Corporation
Entity: Corporation
Industry: All Other Professional, Scientific, and Technical Services
Location: Reston, VA
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Ventera Corporation is a corporation located at 1881 Campus Commons Dr Suite 350 in Reston, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,303,653.00 in April, 2020.
$
PPP Loan Information
Loan #7960237003
Loan Size:
Jobs Retained:
221Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
John Marshall BankVentera Corporation in Reston, VA received a Paycheck Protection Loan of $4.3M through John Marshall Bank, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Ventera Corporation's 2019 payroll expenses are estimated to be at least $20.66M.
Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $93,473 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ventera Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,303,653
Business Information - Ventera Corporation in Reston, VA
1881 Campus Commons Dr Suite 350
Reston, VA 20191
Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Reston
In the Reston area, 63 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 221) and received an average PPP loan of $316,443 (compared to this company's $4.3M).
Similar Nearby Businesses Who Received PPP Funding:
Red Team Consulting, LLC
Reston, VA
Hunter Associations Laboratory Inc
Reston, VA
Guzool Inc
Reston, VA
AHG Inc
Reston, VA
Patrocinium Systems, Inc
Reston, VA
Robert G Nath, PLLC
Reston, VA
Advanced Design Solutions Inc
Reston, VA
True Solutions LLC
Reston, VA
Ragnarok Technologies Incorporated
Reston, VA
Industry PPP Comparison Statistics
Nationwide, 128,125 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.31B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Ventera Corporation's reported 221 employees, and received an average PPP loan of $57,089, 99% lower than this company's loan of $4.3M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
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