PPP Loan Data — E2 Optics, LLC, Englewood, CO
E2 Optics, LLC is a limited liability company (LLC) located at 76 Inverness Dr E in Englewood, Colorado that received a Coronavirus-related PPP loan from the SBA of $8,008,400.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
E2 Optics, LLC in Englewood, CO received a Paycheck Protection Loan of $8.01M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, E2 Optics, LLC's total 2019 payroll expenses were approximately $38.44M 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 $76,881 per employee1.
Business Information - E2 Optics, LLC in Englewood, CO
76 Inverness Dr E
Englewood, CO 80112
Telecommunications Resellers (NAICS code 517911)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: NON-VETERANCongressional District: CO-06
Similar Companies near Englewood
In the Englewood area, 5 businesses in the "Telecommunications Resellers" industry received a PPP loan. These local businesses reported an average of 108 employees (compared to this company's 500) and received an average PPP loan of $1,703,454 (compared to this company's $8.01M).
Similar Nearby Businesses Who Received PPP Funding:
Bear Valley Communications, Inc.
E Street Communications Inc
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 E2 Optics, LLC's reported 500 employees, and received an average PPP loan of $223,368, 97% lower than this company's loan of $8.01M.
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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