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PPP Loan Data — Optimal Wireless LLC, Boerne, TX

SBA PPP loan data, payroll data, and salaries for Optimal Wireless LLC
TX

Optimal Wireless LLC

Entity: Limited Liability Company (LLC)

Industry: Electronics Stores

Location: Boerne, TX

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Optimal Wireless LLC is a limited liability company (LLC) located at 215 W Bandera Road, Ste 114507 in Boerne, Texas that received a Coronavirus-related PPP loan from the SBA of $2,507,570.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.51M

Jobs Retained:

500

Loan Approved:

2020-04-29

Lender:

AMERICAN EXPRESS NATIONAL BANK

Optimal Wireless LLC in Boerne, TX received a Paycheck Protection Loan of $2.51M through AMERICAN EXPRESS NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Optimal Wireless LLC's total 2019 payroll expenses were approximately $12.04M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $24,073 per employee1.

Because the loan received by Optimal Wireless 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 - Optimal Wireless LLC in Boerne, TX

Optimal Wireless LLC
215 W Bandera Road, Ste 114507
Boerne, TX 78006

Business Industry

Electronics Stores (NAICS code 443142)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-21

Similar Companies near Boerne

In the Boerne area, 2 businesses in the "Electronics Stores" industry received a PPP loan. These local businesses reported an average of 252 employees (compared to this company's 500) and received an average PPP loan of $1,256,910 (compared to this company's $2.51M).

Similar Nearby Businesses Who Received PPP Funding:

Roundup Music Venue, LLC
Boerne, TX

$6,250 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,570 businesses in the "Electronics Stores" industry received a total of $593,424,720.00 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 8 employees, 98% lower than Optimal Wireless LLC's reported 500 employees, and received an average PPP loan of $78,392, 97% lower than this company's loan of $2.51M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/optimal-wireless-llc-boerne-tx