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PPP Loan Data — Wireless World LLC,
Las Vegas, NV
Wireless World LLC
Entity: Limited Liability Company (LLC)
Industry: Electronics Stores
Location: Las Vegas, NV
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Wireless World LLC is a limited liability company (LLC) located at 6440 Sky Pointe Dr Suite 140–175 in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
$
PPP Loan Information
Loan #5293658907
Loan Size:
Jobs Retained:
230Loan Approved:
2021-04-29Loan Status:
Paid in Full or ForgivenLender:
Zions Bank, A Division ofWireless World LLC in Las Vegas, NV received a Paycheck Protection Loan of $2M through Zions Bank, A Division of, which was approved in April, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Wireless World LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $41,739 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wireless World LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Wireless World LLC in Las Vegas, NV
6440 Sky Pointe Dr Suite 140–175
Las Vegas, NV 89131
Business Industry:
Electronics Stores
NAICS code 443142
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Las Vegas
In the Las Vegas area, 6 businesses in the "Electronics Stores" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 230) and received an average PPP loan of $368,070 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
BMT Limited Liability Company
Las Vegas, NV
Integrated Connections LLC
Las Vegas, NV
Advanced Light Devices, LLC
Las Vegas, NV
Business Equipment & Supply Company
Las Vegas, NV
Industry PPP Comparison Statistics
Nationwide, 12,868 businesses in the "Electronics Stores" industry received a total of $842.88M 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 8 employees, 97% lower than Wireless World LLC's reported 230 employees, and received an average PPP loan of $65,502, 97% lower than this company's loan of $2M.
Wireless World, LLC
Entity: Limited Liability Company (LLC)
Industry: Telecommunications Resellers
Location: Las Vegas, NV
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Wireless World, LLC is a limited liability company (LLC) located at 6440 Sky Pointe Dr #140-175 in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $4,615,500.00 in April, 2020.
$
PPP Loan Information
Loan #7824037008
Loan Size:
Jobs Retained:
455Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
Zions Bank, A Division ofWireless World, LLC in Las Vegas, NV received a Paycheck Protection Loan of $4.62M through Zions Bank, A Division of, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Wireless World, LLC's 2019 payroll expenses are estimated to be at least $22.15M.
Based on their reported 455 jobs retained, this equals an estimated average yearly compensation of $48,691 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wireless World, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,615,500
Business Information - Wireless World, LLC in Las Vegas, NV
6440 Sky Pointe Dr #140-175
Las Vegas, NV 89131
Business Industry:
Telecommunications Resellers
NAICS code 517911
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,972 businesses in the "Telecommunications Resellers" industry received a total of $443.03M 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 13 employees, 97% lower than Wireless World, LLC's reported 455 employees, and received an average PPP loan of $149,067, 97% lower than this company's loan of $4.62M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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