PPP Loan Data — Bahakel Communications LTD, Charlotte, NC
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
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.
Business Information - Bahakel Communications LTD in Charlotte, NC
1 Television Pl
Charlotte, NC 28205
Television Broadcasting (NAICS code 515120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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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