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PPP Loan Data — Battaglia Electric, Inc.,
New Castle, DE
Battaglia Electric, Inc.
Entity: Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: New Castle, DE
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Battaglia Electric, Inc. is a corporation located at 11 Industrial Blvd in New Castle, Delaware that received a Coronavirus-related PPP loan from the SBA of $2,451,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 170 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
170Loan Approved:
2020-04-07Lender:
WILMINGTON SAVINGS FUND SOCIETY, FSBBattaglia Electric, Inc. received a Paycheck Protection Loan of $2.45M through WILMINGTON SAVINGS FUND SOCIETY, FSB, which was approved in April, 2020.
Based on standard PPP eligibility rules, Battaglia Electric, Inc.'s total 2019 payroll expenses were approximately $11.77M in order to qualify for the PPP loan amount received.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $69,213 per employee1.
Business Information - Battaglia Electric, Inc. in New Castle, DE
11 Industrial Blvd
New Castle, DE 19720
Business Industry
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: DE-Similar Companies near New Castle
In the New Castle area, 8 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 170) and received an average PPP loan of $599,340 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
Anchor Electric Inc-Sba Small 7A Term
New Castle, DE
MJ Electrical Service, Inc.
New Castle, DE
Electrical Integrity LLC
New Castle, DE
Wanex Electrical Services Inc
New Castle, DE
Filec Services LLC
New Castle, DE
Preferred Electric, Inc.
New Castle, DE
Ralph P Goldsborough
New Castle, DE
Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 93% lower than Battaglia Electric, Inc.'s reported 170 employees, and received an average PPP loan of $181,171, 93% lower than this company's loan of $2.45M.
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.
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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