PPP Loan Data — Optimal Wireless LLC, Boerne, TX
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
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.
Business Information - Optimal Wireless LLC in Boerne, TX
215 W Bandera Road, Ste 114507
Boerne, TX 78006
Electronics Stores (NAICS code 443142)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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
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.
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Footnotes & Information
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