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PPP Loan Data — Star2Star Communications, LLC,
Sarasota, FL
Star2Star Communications, LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Telecommunications
Location: Sarasota, FL
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Star2Star Communications, LLC is a limited liability company (LLC) located at 600 Tallevast Rd in Sarasota, Florida that received a Coronavirus-related PPP loan from the SBA of $4,199,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
249Loan Approved:
2020-04-27Lender:
NEWTEK SMALL BUSINESS FINANCE, INC.Star2Star Communications, LLC received a Paycheck Protection Loan of $4.2M through NEWTEK SMALL BUSINESS FINANCE, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Star2Star Communications, LLC's total 2019 payroll expenses were approximately $20.16M in order to qualify for the PPP loan amount received.
Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $80,948 per employee1.
Business Information - Star2Star Communications, LLC in Sarasota, FL
600 Tallevast Rd
Sarasota, FL 34243
Business Industry
All Other Telecommunications (NAICS code 517919)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-16Industry PPP Comparison Statistics
Nationwide, 6,603 businesses in the "All Other Telecommunications" industry received a total of $691,992,618.00 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, 97% lower than Star2Star Communications, LLC's reported 249 employees, and received an average PPP loan of $104,800, 98% lower than this company's loan of $4.2M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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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