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

PPP Loan Data — Comet Signs LLC, San Antonio, TX

ALERT: There are 2 PPP loans for a total of $5.4M in our database for businesses with the name "Comet Signs LLC" in San Antonio, TX. 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 Comet Signs LLC
TX

Comet Signs LLC

Entity: Limited Liability Company (LLC)

Industry: Sign Manufacturing

Location: San Antonio, TX

Search All PPP Data

Comet Signs LLC is a limited liability company (LLC) located at 5003 Stout Dr in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #3373018501

Loan Size:

$2M

Jobs Retained:

246

Loan Approved:

2021-02-23

Loan Status:

Paid in Full or Forgiven

Lender:

Texas Capital Bank

Comet Signs LLC in San Antonio, TX received a Paycheck Protection Loan of $2M through Texas Capital 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 September, 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, Comet Signs LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $39,024 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $1,999,999
  • Utilities: $1
Because the loan received by Comet Signs 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 - Comet Signs LLC in San Antonio, TX

Comet Signs LLC
5003 Stout Dr
San Antonio, TX 78219

Business Industry:
Sign Manufacturing
NAICS code 339950

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: Y

HUBZone: Y

Rural / Urban: Urban

Bexar County, TX — SBA Office 0681 — Congressional District: TX-35

Similar Companies near San Antonio

In the San Antonio area, 4 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 136 employees (compared to this company's 246) and received an average PPP loan of $1,391,244 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

Ronvac Corporation Inc
San Antonio, TX

$77,300 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 9,532 businesses in the "Sign Manufacturing" industry received a total of $1.05B 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 11 employees, 96% lower than Comet Signs LLC's reported 246 employees, and received an average PPP loan of $109,767, 95% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Comet Signs LLC
TX

Comet Signs LLC

Entity: Limited Liability Company (LLC)

Industry: Sign Manufacturing

Location: San Antonio, TX

Search All PPP Data

Comet Signs LLC is a limited liability company (LLC) located at 5003 Stout Dr. in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $3,402,377.00 in April, 2020.

$ PPP Loan Information
Loan #4096967100

Loan Size:

$3.4M

Jobs Retained:

276

Loan Approved:

2020-04-12

Loan Status:

Paid in Full or Forgiven

Lender:

Texas Capital Bank

Comet Signs LLC in San Antonio, TX received a Paycheck Protection Loan of $3.4M through Texas Capital 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 June, 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, Comet Signs LLC's 2019 payroll expenses are estimated to be at least $16.33M.

Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $59,172 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $2,654,130
  • Utilities: $2
  • Rent: $748,245
Because the loan received by Comet Signs 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 - Comet Signs LLC in San Antonio, TX

Comet Signs LLC
5003 Stout Dr.
San Antonio, TX 78219

Business Industry:
Sign Manufacturing
NAICS code 339950

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: Y

HUBZone: Y

Rural / Urban: Urban

Bexar County, TX — SBA Office 0681 — Congressional District: TX-35

Similar Companies near San Antonio

In the San Antonio area, 4 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 136 employees (compared to this company's 276) and received an average PPP loan of $1,391,244 (compared to this company's $3.4M).

Similar Nearby Businesses Who Received PPP Funding:

Ronvac Corporation Inc
San Antonio, TX

$77,300 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 9,532 businesses in the "Sign Manufacturing" industry received a total of $1.05B 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 11 employees, 96% lower than Comet Signs LLC's reported 276 employees, and received an average PPP loan of $109,767, 97% lower than this company's loan of $3.4M.

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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Source: www.federalpay.org/paycheck-protection-program/comet-signs-llc-san-antonio-tx