PPP Loan Data — SonicNet LLC, Santa Rosa, CA
SonicNet LLC is a corporation located at 2260 Apollo Way in Santa Rosa, California that received a Coronavirus-related PPP loan from the SBA of $7,288,935.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
SonicNet LLC received a Paycheck Protection Loan of $7.29M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, SonicNet LLC's total 2019 payroll expenses were approximately $34.99M 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 $69,974 per employee1.
Business Information - SonicNet LLC in Santa Rosa, CA
Industry PPP Comparison Statistics
Nationwide, 5,156,850 businesses in the "" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 98% lower than SonicNet LLC's reported 500 employees, and received an average PPP loan of $101,409, 99% lower than this company's loan of $7.29M.
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Footnotes & Information
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