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Magic Wireless 4141 Hacks Cross Rd (901)791-4838
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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. User 13 06 2018 21 00 ️SUMMER SALE ️ iPhone Screen Repairs To Get The Deal Just Like,Share,Tag A Friend To The Post And Like,Share The Page NEW LOCATION.
The main idea here is that magic wireless hacks cross involve the use of advanced techniques and tools to exploit vulnerabilities in wireless networks and access sensitive data. These hacks are often characterized by their ability to defy conventional limitations and boundaries..
PPP Loan Data — Magic Wireless, Memphis, TN
Magic Wireless is a corporation located at 4141 Hacks Cross Rd in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $14,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
$ PPP Loan Information
Loan #7070367310 $14,600Jobs Retained:
Loan Approved:
Loan Status:
Paid in Full or Forgiven
Evolve Bank and Trust
Magic Wireless in Memphis, TN received a Paycheck Protection Loan of $14,600 through Evolve Bank and Trust, 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 July, 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.
- For most corporations and nonprofits, "payroll costs" include gross wages & tips, employer-paid health insurance & retirement contributions, and some employment taxes
- For self-employed individuals & sole proprietorships, PPP amount is based on Schedule C (either gross income or net profit depending on situation, plus gross wages, etc if there are other employees besides the owner)
- In all cases, salaries or net earnings over $100k are capped at $100k for PPP calculation purposes
- For new businesses that were not in operation in 2019, alternative reference periods are available
Understanding 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.
For Magic Wireless, the calculation used to estimate payroll costs is shown below:
($14,600 / 2.5) * 12 = $70,080
Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received.
- Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.
- Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.
Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.
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, Magic Wireless' 2019 payroll expenses are estimated to be at least $70,080.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $23,360 per employee 1
Reported PPP Proceed Usage:
On the PPP application, Magic Wireless reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $14,600
Business Information - Magic Wireless in Memphis, TN
Magic Wireless4141 Hacks Cross Rd
Memphis, TN 38125
Business Industry:
NAICS code
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Shelby County, TN — SBA Office 0474 — Congressional District: TN-09Industry PPP Comparison Statistics
Nationwide, 132,325 businesses in the " " industry received a total of $5.85B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 333% higher than Magic Wireless' reported 3 employees, and received an average PPP loan of $44,230, 203% higher than this company's loan of $14,600.
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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User
They fixed my phone real good, look brand new again! Thanks Omer.. Good price too!
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Reviews for "The Magic of Wireless: Unlocking Hidden Hacks"
1. John Smith - 2/5:
I was really excited to try out "Magic wireless hacks cross" after hearing so much buzz about it, but I must say I was left disappointed. The game felt outdated and lacked excitement. The controls were clunky and difficult to use, which took away from the overall experience. The graphics were also subpar, making the game feel amateurish. I wouldn't recommend "Magic wireless hacks cross" to anyone looking for a captivating and immersive gaming experience.
2. Sarah Johnson - 1/5:
I regret purchasing "Magic wireless hacks cross" as it turned out to be a complete waste of money. The game was riddled with bugs and glitches that constantly disrupted my gameplay. The storyline was weak and unengaging, leaving me feeling bored and uninterested. Additionally, the in-app purchases felt predatory, trying to get players to spend more money on a game that already fell short in terms of quality. Save yourself the frustration and avoid "Magic wireless hacks cross" altogether.
3. Michael Thompson - 2/5:
"Magic wireless hacks cross" seemed like it had a lot of potential, but it ultimately fell flat. The gameplay mechanics were confusing and poorly explained, leaving me feeling lost and frustrated. The controls were unresponsive at times, making it difficult to execute the actions I wanted. The game also lacked depth and meaningful content, leaving me wanting more. Overall, "Magic wireless hacks cross" was a disappointment and not worth the time or money.