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PPP Loan Data — Imagenet Consulting LLC, Oklahoma City, OK

SBA PPP loan data, payroll data, and salaries for Imagenet Consulting LLC
OK

Imagenet Consulting LLC

Entity: Limited Liability Company (LLC)

Industry: Computer and Computer Peripheral Equipment and Software Merchant Wholesalers

Location: Oklahoma City, OK

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Imagenet Consulting LLC is a limited liability company (LLC) located at 913 N. Broadway Ave. in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $6,248,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.25M

Jobs Retained:

388

Loan Approved:

2020-04-05

Lender:

INTERNATIONAL BANK OF COMMERCE

Imagenet Consulting LLC received a Paycheck Protection Loan of $6.25M through INTERNATIONAL BANK OF COMMERCE, which was approved in April, 2020.

Based on standard PPP eligibility rules, Imagenet Consulting LLC's total 2019 payroll expenses were approximately $29.99M in order to qualify for the PPP loan amount received.

Based on their reported 388 jobs retained, this equals an estimated average yearly compensation of $77,306 per employee1.

Because the loan received by Imagenet Consulting 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 - Imagenet Consulting LLC in Oklahoma City, OK

Imagenet Consulting LLC
913 N. Broadway Ave.
Oklahoma City, OK 73102

Business Industry

Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (NAICS code 423430)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OK-05

Industry PPP Comparison Statistics

Nationwide, 2,714 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $530,433,905.00 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 12 employees, 97% lower than Imagenet Consulting LLC's reported 388 employees, and received an average PPP loan of $195,444, 97% lower than this company's loan of $6.25M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/imagenet-consulting-llc-oklahoma-city-ok