PPP Loan Data — Optical Cable Corporation, Roanoke, VA
Optical Cable Corporation is a corporation located at 5290 Concourse Dr in Roanoke, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,981,400.00 in April, 2020.
$ PPP Loan Information
Optical Cable Corporation received a Paycheck Protection Loan of $4.98M through PINNACLE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Optical Cable Corporation's total 2019 payroll expenses were approximately $23.91M in order to qualify for the PPP loan amount received.
Based on their reported 370 jobs retained, this equals an estimated average yearly compensation of $64,624 per employee1.
Business Information - Optical Cable Corporation in Roanoke, VA
5290 Concourse Dr
Roanoke, VA 24019
Fiber Optic Cable Manufacturing (NAICS code 335921)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-09
Similar Companies near Roanoke
In the Roanoke area, 2 businesses in the "Fiber Optic Cable Manufacturing" industry received a PPP loan. These local businesses reported an average of 185 employees (compared to this company's 370) and received an average PPP loan of $2,516,235 (compared to this company's $4.98M).
Similar Nearby Businesses Who Received PPP Funding:
Virginia Plastics Company Inc
Industry PPP Comparison Statistics
Nationwide, 170 businesses in the "Fiber Optic Cable Manufacturing" industry received a total of $44,923,425.00 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 23 employees, 94% lower than Optical Cable Corporation's reported 370 employees, and received an average PPP loan of $264,255, 95% lower than this company's loan of $4.98M.
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Footnotes & Information
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