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PPP Loan Data — Wnet Telecom USA Corp,
New York, NY
Wnet Telecom USA Corp
Entity: Corporation
Industry: All Other Telecommunications
Location: New York, NY
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Wnet Telecom USA Corp is a corporation located at 42 Broadway Suite 1740 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $17,732.00 in June, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
2Loan Approved:
2020-06-04Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONWnet Telecom USA Corp received a Paycheck Protection Loan of $17,732 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in June, 2020.
Based on standard PPP eligibility rules, Wnet Telecom USA Corp's total 2019 payroll expenses were approximately $85,114 in order to qualify for the PPP loan amount received.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $42,557 per employee1.
Business Information - Wnet Telecom USA Corp in New York, NY
42 Broadway Suite 1740
New York, NY 10004
Business Industry
All Other Telecommunications (NAICS code 517919)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-10Similar Companies near New York
In the New York area, 16 businesses in the "All Other Telecommunications" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 2) and received an average PPP loan of $1,030,453 (compared to this company's $17,732).
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Yellow Blue Moon Inc.
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Industry 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, 300% higher than Wnet Telecom USA Corp's reported 2 employees, and received an average PPP loan of $104,800, 491% higher than this company's loan of $17,732.
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. 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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