PPP Loan Data — High Point Networks, LLC, West Fargo, ND
High Point Networks, LLC
Entity: Limited Liability Company (LLC)
Location: West Fargo, NDTweet This • Search All PPP Data
High Point Networks, LLC is a limited liability company (LLC) located at 728 E. Beaton Dr. Suite 200 in West Fargo, North Dakota that received a Coronavirus-related PPP loan from the SBA of $2,419,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 140 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
High Point Networks, LLC in West Fargo, ND received a Paycheck Protection Loan of $2.42M through Starion Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, High Point Networks, LLC's 2019 payroll expenses are estimated to be at least $11.61M.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $82,937 per employee1
Reported PPP Proceed Usage:
On the PPP application, High Point Networks, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,419,000
Business Information - High Point Networks, LLC in West Fargo, ND
728 E. Beaton Dr. Suite 200
West Fargo, ND 58078
Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
NAICS code 423430
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,479 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $695.57M 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 12 employees, 91% lower than High Point Networks, LLC's reported 140 employees, and received an average PPP loan of $155,296, 94% lower than this company's loan of $2.42M.
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Footnotes & Information
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