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PPP Loan Data — Ocusoft Inc., Rosenberg, TX

SBA PPP loan data, payroll data, and salaries for Ocusoft Inc.
TX

Ocusoft Inc.

Entity: Corporation

Industry: Drugs and Druggists' Sundries Merchant Wholesalers

Location: Rosenberg, TX

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Ocusoft Inc. is a corporation located at 30444 Southwest Freeway in Rosenberg, Texas that received a Coronavirus-related PPP loan from the SBA of $2,596,400.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 168 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.6M

Jobs Retained:

168

Loan Approved:

2020-04-28

Lender:

ZIONS BANK, A DIVISION OF

Ocusoft Inc. received a Paycheck Protection Loan of $2.6M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ocusoft Inc.'s total 2019 payroll expenses were approximately $12.46M in order to qualify for the PPP loan amount received.

Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $74,183 per employee1.

Because the loan received by Ocusoft Inc. 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 - Ocusoft Inc. in Rosenberg, TX

Ocusoft Inc.
30444 Southwest Freeway
Rosenberg, TX 77471

Business Industry

Drugs and Druggists' Sundries Merchant Wholesalers (NAICS code 424210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: TX-22

Industry PPP Comparison Statistics

Nationwide, 2,537 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a total of $406,655,823.00 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 13 employees, 92% lower than Ocusoft Inc.'s reported 168 employees, and received an average PPP loan of $160,290, 94% lower than this company's loan of $2.6M.

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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Source: www.federalpay.org/paycheck-protection-program/ocusoft-inc-rosenberg-tx