PPP Loan Data — Edge Communications Solutions, LLC, Plano, TX
Edge Communications Solutions, LLC is a limited liability company (LLC) located at 6505 Windcrest Dr in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $2,432,513.00 in April, 2020.
$ PPP Loan Information
Edge Communications Solutions, LLC in Plano, TX received a Paycheck Protection Loan of $2.43M through NORTHEAST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Edge Communications Solutions, LLC's total 2019 payroll expenses were approximately $11.68M in order to qualify for the PPP loan amount received.
Based on their reported 123 jobs retained, this equals an estimated average yearly compensation of $94,927 per employee1.
Business Information - Edge Communications Solutions, LLC in Plano, TX
6505 Windcrest Dr
Plano, TX 75024
All Other Telecommunications (NAICS code 517919)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: TX-03
Similar Companies near Plano
In the Plano area, 3 businesses in the "All Other Telecommunications" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 123) and received an average PPP loan of $826,001 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
James Huntsinger DBA Sedaker Communications Group
Tri-City Group, Inc.
Industry PPP Comparison Statistics
Nationwide, 6,603 businesses in the "All Other Telecommunications" industry received a total of $691,992,618.00 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 8 employees, 93% lower than Edge Communications Solutions, LLC's reported 123 employees, and received an average PPP loan of $104,800, 96% lower than this company's loan of $2.43M.
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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