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

PPP Loan Data — Imobile Of CA LLC, Plainview, NY

ALERT: There are 2 PPP loans for a total of $3.53M in our database for businesses with the name "Imobile Of CA LLC" in Plainview, NY. 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 Imobile Of CA LLC
NY

Imobile Of CA LLC

Entity: Limited Liability Company (LLC)

Industry: Wireless Telecommunications Carriers (except Satellite)

Location: Plainview, NY

Search All PPP Data

Imobile Of CA LLC is a limited liability company (LLC) located at 206 Terminal Dr in Plainview, New York that received a Coronavirus-related PPP loan from the SBA of $1,776,872.00 in April, 2021.

$ PPP Loan Information
Loan #5052818710

Loan Size:

$1.78M

Jobs Retained:

162

Loan Approved:

2021-04-02

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Imobile Of CA LLC in Plainview, NY received a Paycheck Protection Loan of $1.78M through Loan Source Incorporated, which was approved in April, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Imobile Of CA LLC's 2019 payroll expenses are estimated to be at least $8.53M.

Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $52,648 per employee1

Reported PPP Proceed Usage:

On the PPP application, Imobile Of CA LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,776,865
  • Utilities: $1

Business Information - Imobile Of CA LLC in Plainview, NY

Imobile Of CA LLC
206 Terminal Dr
Plainview, NY 11803

Business Industry:
Wireless Telecommunications Carriers (except Satellite)
NAICS code 517312

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: N

HUBZone: N

Rural / Urban: Urban

Nassau County, NY — SBA Office 0235 — Congressional District: NY-03

Similar Companies near Plainview

In the Plainview area, 25 businesses in the "Wireless Telecommunications Carriers (except Satellite)" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 162) and received an average PPP loan of $425,824 (compared to this company's $1.78M).

Industry PPP Comparison Statistics

Nationwide, 3,954 businesses in the "Wireless Telecommunications Carriers (except Satellite)" industry received a total of $370.75M 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, 93% lower than Imobile Of CA LLC's reported 162 employees, and received an average PPP loan of $93,766, 95% lower than this company's loan of $1.78M.

SBA PPP loan data, payroll data, and salaries for Imobile Of CA LLC
NY

Imobile Of CA LLC

Entity: Limited Liability Company (LLC)

Industry: Electronics Stores

Location: Plainview, NY

Search All PPP Data

Imobile Of CA LLC is a limited liability company (LLC) located at 206 Terminal Dr in Plainview, New York that received a Coronavirus-related PPP loan from the SBA of $1,757,200.00 in April, 2020.

$ PPP Loan Information
Loan #8123647103

Loan Size:

$1.76M

Jobs Retained:

212

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Dime Community Bank

Imobile Of CA LLC in Plainview, NY received a Paycheck Protection Loan of $1.76M through Dime Community Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Imobile Of CA LLC's 2019 payroll expenses are estimated to be at least $8.43M.

Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $39,786 per employee1

Reported PPP Proceed Usage:

On the PPP application, Imobile Of CA LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,405,800
  • Rent: $351,400

Business Information - Imobile Of CA LLC in Plainview, NY

Imobile Of CA LLC
206 Terminal Dr
Plainview, NY 11803

Business Industry:
Electronics Stores
NAICS code 443142

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: N

HUBZone: N

Rural / Urban: Urban

Nassau County, NY — SBA Office 0235 — Congressional District: NY-03

Similar Companies near Plainview

In the Plainview area, 28 businesses in the "Electronics Stores" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 212) and received an average PPP loan of $369,794 (compared to this company's $1.76M).

Industry PPP Comparison Statistics

Nationwide, 13,096 businesses in the "Electronics Stores" industry received a total of $848.58M 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 8 employees, 96% lower than Imobile Of CA LLC's reported 212 employees, and received an average PPP loan of $64,797, 96% lower than this company's loan of $1.76M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/imobile-of-ca-llc-plainview-ny