See Which Woodbridge, Dumfries Businesses Got PPP Loans
WOODBRIDGE/DUMFRIES, VA — Businesses, churches and private schools affected by the coronavirus pandemic were able to apply for federal relief through the U.S. Small Business Administration and U.S. Treasury's Paycheck Protection Program (PPP). In Woodbridge and Dumfries, there were numerous organizations that received amounts in the millions.
The Small Business Administration released loan-level data for loan recipients of $150,000 or more, including business names, addresses, ZIP codes, business type, demographic data, non-profit information, name of lender, jobs supported, and loan amounts. The same data was also released for loan recipients below $150,000, except for business names and addresses.
PPP loans were established as part of the federal government's CARES Act and are similar to grants. The loans have an interest rate of 1 percent and can be fully forgiven if used for payroll costs, interest on mortgages, rent and utilities.
Businesses with loan amounts between $150,000 and $10 million account for nearly 75 percent of approved loan dollars, according to the Small Business Administration.
We've made a full database of Virginia businesses that received PPP loans over $150,000.
Here are the businesses in Woodbridge and Dumfries that landed PPP loans over $1 million, based on data released by the Small Business Administration.
The list includes car dealerships and a YMCA that serves military service members and their families. A Catholic high school, Saint John Paul the Great Catholic High School in Dumfries, received a Paycheck Protection Program loan between $1 million and $2 million to support 113 jobs at the school.
$5 million to $10 million loan
Welburn Management Consulting Co. Inc., Woodbridge: 500 jobs supported
$2 million to $5 million
Alternative Paths Training School Inc., Dumfries: 200 jobs supported
Armed Services of YMCA of USA, Woodbridge: 443 jobs supported
Cardinal Management Group Inc., Woodbridge: 148 jobs supported
Greater Prince William Area Community Health, Woodbridge: 151 jobs supported
Light Wave Dental Management LLC, Woodbridge: 96 jobs supported
St. Michael’s Inc., Woodbridge: 123 jobs supported
$1 million to $2 million
Alex Alternative Experts LLC, Dumfries: 123 jobs supported
Arban & Carosi Inc., Woodbridge: 180 jobs supported
Azteca Contractors Inc., Woodbridge: 67 jobs supported
Concord Crossroads LLC, Dumfries: 100 jobs supported
Cowles Ford Inc., Woodbridge: 115 jobs supported
Futron Incorporated, Woodbridge: 49 jobs supported
Integrated Finance and Accounting Solutions LLC, Woodbridge: 85 jobs supported
LCS Site Service LLC, Woodbridge: 88 jobs supported
Lindsay Chevrolet LLC, Woodbridge: 128 jobs supported
Powercomm Constructoin LLC, Woodbridge: 106 jobs supported
Saint John Paul the Great Catholic High School, Dumfries: 113 jobs supported
Woodbridge Nissan Corporation, Woodbridge: 60 jobs supported
This article originally appeared on the Woodbridge Patch