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PPP Loan Data — Verge Mobile LLC, Houston, TX

SBA PPP loan data, payroll data, and salaries for Verge Mobile LLC

Verge Mobile LLC

Entity: Limited Liability Company (LLC)

Industry: Telecommunications Resellers

Location: Houston, TX

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Verge Mobile LLC is a limited liability company (LLC) located at 12000 Westheimer Rd., Ste 230 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $5,412,900.00 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:


Jobs Retained:


Loan Approved:




Verge Mobile LLC in Houston, TX received a Paycheck Protection Loan of $5.41M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Verge Mobile LLC's total 2019 payroll expenses were approximately $25.98M 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 $51,964 per employee1.

Because the loan received by Verge Mobile 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 - Verge Mobile LLC in Houston, TX

Verge Mobile LLC
12000 Westheimer Rd., Ste 230
Houston, TX 77077

Business Industry

Telecommunications Resellers (NAICS code 517911)

Business Owner Demographics

Race / Ethnicity: Unreported


Veteran Status: NON-VETERAN

Congressional District: TX-07

Similar Companies near Houston

In the Houston area, 2 businesses in the "Telecommunications Resellers" industry received a PPP loan. These local businesses reported an average of 250 employees (compared to this company's 500) and received an average PPP loan of $2,857,190 (compared to this company's $5.41M).

Similar Nearby Businesses Who Received PPP Funding:

Texas Mobile Pcs
Houston, TX

$301,480 PPP Loan

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, 97% lower than Verge Mobile LLC's reported 500 employees, and received an average PPP loan of $223,368, 96% lower than this company's loan of $5.41M.

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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