PPP Loan Data — Omega Atomizers Sda Engineers GP, LLC, Double Oak, TX
Omega Atomizers Sda Engineers GP, LLC is a limited liability company (LLC) located at 210 Twin Lakes Ct in Double Oak, Texas that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Omega Atomizers Sda Engineers GP, LLC in Double Oak, TX received a Paycheck Protection Loan of $24,900 through Frost Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Omega Atomizers Sda Engineers GP, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Omega Atomizers Sda Engineers GP, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Omega Atomizers Sda Engineers GP, LLC in Double Oak, TX
210 Twin Lakes Ct
Double Oak, TX 75077
Jewelry and Silverware Manufacturing
NAICS code 339910
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Double Oak
In the Double Oak area, 2 businesses in the "Jewelry and Silverware Manufacturing" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $22,867 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 5,673 businesses in the "Jewelry and Silverware Manufacturing" industry received a total of $278.77M 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 5 employees, 67% higher than Omega Atomizers Sda Engineers GP, LLC's reported 3 employees, and received an average PPP loan of $49,140, 97% higher than this company's loan of $24,900.
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Footnotes & Information
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