PPP Loan Data — Vertical Communications Holdco, Inc, Roswell, GA
Vertical Communications Holdco, Inc is a corporation located at 1000 Holcomb Woods Pkwy Suite 300 in Roswell, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,632,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Western Alliance Bank
Vertical Communications Holdco, Inc in Roswell, GA received a Paycheck Protection Loan of $2.63M through Western Alliance Bank, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 126. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Vertical Communications Holdco, Inc's 2019 payroll expenses are estimated to be at least $12.63M (not accounting for salary amounts > $100k).
Because the 121 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Vertical Communications Holdco, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,878,300
- Utilities: $68,000
- Rent: $248,000
- Health Care: $275,700
- Debt Interest: $162,100
Business Information - Vertical Communications Holdco, Inc in Roswell, GA
1000 Holcomb Woods Pkwy Suite 300
Roswell, GA 30076
All Other Telecommunications
NAICS code 517919
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Roswell
In the Roswell area, 10 businesses in the "All Other Telecommunications" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 121) and received an average PPP loan of $397,423 (compared to this company's $2.63M).
Similar Nearby Businesses Who Received PPP Funding:
Solution 72 LLC
Static Media LLC
IBS Of Atlanta Limited Liability Compan
Mckenna Media Group LLC
Chic Hair Designs
Blind Tiger Communications
MNS Group LLC
Clear Choice Telephones Inc
Industry PPP Comparison Statistics
Nationwide, 9,092 businesses in the "All Other Telecommunications" industry received a total of $881.18M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 93% lower than Vertical Communications Holdco, Inc's reported 121 employees, and received an average PPP loan of $96,918, 96% lower than this company's loan of $2.63M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!