PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — VTA LLC, Fairfax, VA

ALERT: There are 2 PPP loans for a total of $5.81M in our database for businesses with the name "VTA LLC" in Fairfax, VA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for VTA LLC
VA

VTA LLC

Entity: Limited Liability Company (LLC)

Industry: Tire Dealers

Location: Fairfax, VA

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VTA LLC is a limited liability company (LLC) located at 3201 Jermantown Rd Ste 320 in Fairfax, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in May, 2021.

The company has reported itself as a White female owned business, and employed at least 290 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2628569006

Loan Size:

$2M

Jobs Retained:

290

Loan Approved:

2021-05-17

Loan Status:

Ongoing Loan

Lender:

City First Bank, National Association

VTA LLC in Fairfax, VA received a Paycheck Protection Loan of $2M through City First Bank, National Association, which was approved in May, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, VTA LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 290 jobs retained, this equals an estimated average yearly compensation of $33,103 per employee1

Reported PPP Proceed Usage:

On the PPP application, VTA LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by VTA LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - VTA LLC in Fairfax, VA

VTA LLC
3201 Jermantown Rd Ste 320
Fairfax, VA 22030

Business Industry:
Tire Dealers
NAICS code 441320

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fairfax County, VA — SBA Office 0353 — Congressional District: VA-11

Similar Companies near Fairfax

In the Fairfax area, 2 businesses in the "Tire Dealers" industry received a PPP loan. These local businesses reported an average of 151 employees (compared to this company's 290) and received an average PPP loan of $1,064,570 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

Weber Tire Co. Inc
Fairfax, VA

$129,140 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 8,304 businesses in the "Tire Dealers" industry received a total of $773.5M 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, 97% lower than VTA LLC's reported 290 employees, and received an average PPP loan of $93,148, 95% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for VTA, LLC
VA

VTA, LLC

Entity: Limited Liability Company (LLC)

Industry: General Automotive Repair

Location: Fairfax, VA

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VTA, LLC is a limited liability company (LLC) located at 3201 Jermantown Rd Suite 320 in Fairfax, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,809,849.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least 322 people during the applicable loan loan period.

$ PPP Loan Information
Loan #7868267009

Loan Size:

$3.81M

Jobs Retained:

322

Loan Approved:

2020-04-08

Loan Status:

Paid in Full or Forgiven

Lender:

John Marshall Bank

VTA, LLC in Fairfax, VA received a Paycheck Protection Loan of $3.81M 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 More
Understanding 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 More

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, VTA, LLC's 2019 payroll expenses are estimated to be at least $18.29M.

Based on their reported 322 jobs retained, this equals an estimated average yearly compensation of $56,793 per employee1

Reported PPP Proceed Usage:

On the PPP application, VTA, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,809,849
Because the loan received by VTA, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - VTA, LLC in Fairfax, VA

VTA, LLC
3201 Jermantown Rd Suite 320
Fairfax, VA 22030

Business Industry:
General Automotive Repair
NAICS code 811111

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fairfax County, VA — SBA Office 0353 — Congressional District: VA-11

Similar Companies near Fairfax

In the Fairfax area, 29 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 322) and received an average PPP loan of $308,219 (compared to this company's $3.81M).

Industry PPP Comparison Statistics

Nationwide, 93,576 businesses in the "General Automotive Repair" industry received a total of $3.91B 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 5 employees, 98% lower than VTA, LLC's reported 322 employees, and received an average PPP loan of $41,799, 99% lower than this company's loan of $3.81M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/vta-llc-fairfax-va