PPP Loan Data — Versatech, Inc,
Savage, MD
Versatech, Inc
Entity: Subchapter S Corporation
Industry: Computer Systems Design Services
Location: Savage, MD

Versatech, Inc is a subchapter s corporation located at 8510 Corridor Road in Savage, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,659,737.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 130 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
130Loan Approved:
2020-04-08Lender:
SANDY SPRING BANKVersatech, Inc in Savage, MD received a Paycheck Protection Loan of $2.66M through SANDY SPRING BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Versatech, Inc's total 2019 payroll expenses were approximately $12.77M in order to qualify for the PPP loan amount received.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $98,206 per employee1.
Business Information - Versatech, Inc in Savage, MD
8510 Corridor Road
Savage, MD 20763
Business Industry
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MD-02Industry 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, 92% lower than Versatech, Inc's reported 130 employees, and received an average PPP loan of $181,408, 93% lower than this company's loan of $2.66M.
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.
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