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PPP Loan Data — Bahakel Communications LTD, Charlotte, NC

SBA PPP loan data, payroll data, and salaries for Bahakel Communications LTD
NC

Bahakel Communications LTD

Entity: Corporation

Industry: Television Broadcasting

Location: Charlotte, NC

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Bahakel Communications LTD is a corporation located at 1 Television Pl in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,569,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.57M

Jobs Retained:

347

Loan Approved:

2020-04-06

Lender:

AQUESTA BANK

Bahakel Communications LTD in Charlotte, NC received a Paycheck Protection Loan of $3.57M through AQUESTA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bahakel Communications LTD's total 2019 payroll expenses were approximately $17.13M in order to qualify for the PPP loan amount received.

Based on their reported 347 jobs retained, this equals an estimated average yearly compensation of $49,374 per employee1.

Because the loan received by Bahakel Communications LTD 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 - Bahakel Communications LTD in Charlotte, NC

Bahakel Communications LTD
1 Television Pl
Charlotte, NC 28205

Business Industry

Television Broadcasting (NAICS code 515120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-12

Similar Companies near Charlotte

In the Charlotte area, 2 businesses in the "Television Broadcasting" industry received a PPP loan. These local businesses reported an average of 177 employees (compared to this company's 347) and received an average PPP loan of $1,808,830 (compared to this company's $3.57M).

Similar Nearby Businesses Who Received PPP Funding:

Valley Lands, Incorporated
Charlotte, NC

$48,360 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 966 businesses in the "Television Broadcasting" industry received a total of $160,750,788.00 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 12 employees, 97% lower than Bahakel Communications LTD's reported 347 employees, and received an average PPP loan of $166,409, 95% lower than this company's loan of $3.57M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bahakel-communications-ltd-charlotte-nc