PPP Loan Data — Velocity The Greatest Phone Company Ever, Inc., Holland, OH
Velocity The Greatest Phone Company Ever, Inc. is a subchapter s corporation located at 7130 Spring Meadows Dr. W in Holland, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,101,200.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:CITIZENS BANK, NATIONAL ASSOCIATION
Velocity The Greatest Phone Company Ever, Inc. in Holland, OH received a Paycheck Protection Loan of $4.1M through CITIZENS BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Velocity The Greatest Phone Company Ever, Inc.'s total 2019 payroll expenses were approximately $19.69M in order to qualify for the PPP loan amount received.
Unlike most businesses, Velocity The Greatest Phone Company Ever, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Velocity The Greatest Phone Company Ever, Inc. in Holland, OH
7130 Spring Meadows Dr. W
Holland, OH 43528
Telecommunications Resellers (NAICS code 517911)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-05
Similar Companies near Holland
In the Holland area, 3 businesses in the "Telecommunications Resellers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $1,375,002 (compared to this company's $4.1M).
Similar Nearby Businesses Who Received PPP Funding:
Roach-Reid Business Systems, Inc.
Industry PPP Comparison Statistics
Nationwide, 1,596 businesses in the "Telecommunications Resellers" industry received a total of $356,494,761.00 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 16 employees, and received an average PPP loan of $223,368, 95% lower than this company's loan of $4.1M.
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Footnotes & Information
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