Brightstar Wireless, Inc. in Brigham City, UT - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Brightstar Wireless, Inc., Brigham City, UT

Brightstar Wireless, Inc.

Entity: Subchapter S Corporation

Industry: Telecommunications Resellers

Location: Brigham City, UT

Brightstar Wireless, Inc. is a subchapter s corporation located at 888 S Main St Ste 101 in Brigham City, Utah that received a Coronavirus-related PPP loan from the SBA of $4,458,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.46M

Jobs Retained:

500

Loan Approved:

2020-04-14

Lender:

ZIONS BANK, A DIVISION OF

Brightstar Wireless, Inc. in Brigham City, UT received a Paycheck Protection Loan of $4.46M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Brightstar Wireless, Inc.'s total 2019 payroll expenses were approximately $21.4M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $42,803 per employee¹.

Because the loan received by Brightstar Wireless, Inc. 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 - Brightstar Wireless, Inc. in Brigham City, UT

Brightstar Wireless, Inc.
888 S Main St Ste 101
Brigham City, UT 84302

Business Industry

Telecommunications Resellers (NAICS code 517911)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: UT-01

Industry PPP Comparison Statistics

Nationwide, 1,596 businesses in the "Telecommunications Resellers" industry received a total of $356,494,761.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 16 employees, 97% lower than Brightstar Wireless, Inc.'s reported 500 employees, and received an average PPP loan of $223,368, 95% lower than this company's loan of $4.46M.

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.

Search FederalPay's Full PPP Loan Database

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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